EPP3 Business Succession Planning

EPP3 Business Succession Planning

Overview

Proper structuring from the outset when establishing a business is key from a commercial, taxation and estate and succession planning perspective.  This subject covers a range of structuring issues which lawyers should have regard to when advising on the implementation of an Australian business structure, lifetime restructure as well as succession planning on retirement, death or disability.  The subject focuses on these issues as they relate to Australian family businesses and Australian small and medium enterprises. 

Whilst EP03 Business Succession Planning is a subject within in the Estate Planning major, it is also relevant for lawyers practising in other areas including corporate and commercial law, wills and estates, property and family law.  It will equip students with the necessary understanding to advise on and implement an effective succession plan for family business owners in Australia.

 

Availability

Outline

Topics in this this subject include:

  • Different types of structures commonly used in Australia (including trusts and companies)
  • Issues relating to family farming businesses
  • Transition of wealth during one’s lifetime
  • Buy/sell insurance mechanisms in agreements
  • Estate planning and transition of control on death or incapacity
  • Taxation and asset protection relevant to business structuring and succession planning.

 

IN STEP WITH STEP

The College of Law is an Accredited Education Partner of STEP, the worldwide professional association for practitioners dealing with family inheritance and succession planning. STEP has over 20,000 members across more than 80 countries from a broad range of professional backgrounds. 

One subject in either the Wills & Estates major or Estate Planning major, gives you 30 Diploma Level credits towards STEP membership. If you wish to proceed to Full STEP Membership, with use of post-nominal TEP, you must have a minimum of two years’ relevant experience and successfully complete 120 Diploma Level credits, including the successful completion of the following subjects:

  • WEP1 Foundations of Wills & Estates Practice and WEP2 Law and Practice of Estates; or
  • EPP1 Foundations of Estate Planning and EPP2 Superannuation.
     

 

How to enrol

If you are a new student 

Apply via our online application form that will take less than 15 minutes to complete. Simply press the Enrol button below. 

To make an application online, please note you will need the following documentation ready to upload:

  1. A copy of your Academic Transcript  
  2. A passport-sized current colour photo (does not need to be an official passport photo)
  3. If you are not an Australian citizen, evidence of your status  

You will also need to have the following at hand:

  1. CHESSN (Commonwealth Higher Education Student Support Number) if you have one  
  2. Your student number relating to your law degree / Diploma of Law / JD or equivalent.
  3. Your Tax File Number if paying via FEE-Help (student loan)

After completing the online application you will receive a confirmation email of your application – your enrolment is not complete at this stage.

We will email you once your application has been processed and your enrolment confirmed. This email will contain information about orientation, the onsite week and the learning portal.

 

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If you are a re-enrolling student 

Complete the re-enrolment process online in the Career Portal.

You will need your student number and password to login. 

 

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More information