Business Succession Planning.
Helping real estate agency business owners develop their business succession plan and implement the right business exit strategy for a smooth transition and maximum value when the time for selling your business comes.
We help agents & principals with their business succession plan & exit strategy.
What We Do.
At O*NO Legal, we offer a comprehensive approach to ensure a successful transition for real estate agency owners and property management principals. We begin by assessing your current business structure, allowing us to offer tailored advice on your exit strategy, while considering your unique circumstances and future objectives. Our team work closely with you to find the most suitable exit strategy, that also aligns with your long-term goals and needs over the next 1-5 years.
We understand that business transitions are not isolated events; they are interconnected with personal succession plans. Considering this, we also believe in aligning your business succession and exit plans with your personal objectives, thus forming a comprehensive strategy.
Not only will we advise you on appropriate exit types and succession mechanisms available to you, but we will also assess immediate risks, help you implement your plans, and prepare your estate planning documents for you.
We know that circumstances, and even goals, change over time. Therefore, even after the implementation of your plans, our team of legal advisors will maintain an enduring partnership with you, conducting regular reviews and updates to your succession plans, ensuring your continued success.
How we can help with your succession planning.
Assessing your business structure to guide your exit.
Finding the right exit strategy for your unique circumstances.
Thorough review of your current risks and needs.
Preparation of personal estate planning documents (eg wills, POAs).
Advice on effectively maximising agency value.
Assistance with final handovers & a seamless transition.
Continued partnership: regular reviews & updates to succession plans.
Aligning business exit plans with personal succession.
Looking for the all-in-one succession planning & implementation answer? Explore our Succession Solution here to get your exit kickstarted the right way.
What to do next when starting on your succession journey
Have a query about your exit strategy?
Ready to kickstart your succession planning?
Exit is inevitable, what's your game plan?
You have worked hard to build your business. When it comes time to sell, you want to ensure that you receive top dollar so that you can set yourself up for your next adventure or your retirement. We will help you plan your exit, select the right exit type for you, and work to achieve a smooth transition when the time comes to sell. Just like selling a property under pressure, you will be a slave to market forces at the time. However, if you strategically plan your exit, you have time to make tweaks to your business so that you can give the market what it wants, increase your sale price, and time the market perfectly.
When it comes to succession planning and exiting your business, there is no ‘one size fits all’ solution. We will advise you about the different exit mechanisms available to you, so you have all the information you need to select the right exit strategy for your circumstances. And like all plans, we will make sure you also have a ‘Plan B’, so your eggs are not all in one basket.
We will then help you set out your succession or exit plan and address any immediate key person or licensee in charge risks straight away so that your a*rse is covered, legally speaking.
Determine Exit Strategy.
When it comes to selling your business you want to ensure you’ve covered all your bases. Similar to selling a house, it is crucial to guarantee that there are no hidden issues, like termites in the basement, which could impact your selling price. That is why we conduct a thorough due diligence and have one of our network members undertake a valuation. From there we will guide you to getting your house in order from a compliance perspective and enhancing value through efficiencies.
As your real estate agency is a substantial part of your estate, we work closely with you to align your agency's succession plan with your personal estate planning objectives. This alignment guarantees a smooth transfer of assets and responsibilities, providing you peace of mind about your financial future and the legacy you'll leave behind.
Plan Your Exit to Increase Value.
In order to enhance your succession and exit strategy, our network offers expert guidance on market timing to help you secure the maximum possible selling price. If you are yet to find the right buyer, our network will facilitate introductions to potential purchasers. Once a buyer is identified, we offer comprehensive support in executing your sell-down or exit plan, whether by share sale, rent roll or agency sale or employee sell down, all while ensuring a smooth transition.
Execute Your Seamless Exit.
The REAL Succession Solution.
Helping you protect your future: Where real estate agency succession meets legal expertise.
Your agency is unique, shouldn't your exit strategy reflect that?
You have worked hard to build your business. When it comes time to sell, you want to ensure that you receive top dollar so that you can set yourself up for your next adventure or your retirement. With the REAL Succession Solution we will help you plan your exit, select the right exit type for you, and work to achieve a smooth transition when the time comes to sell. So take the stress out of succession planning by doing it the legal experts who actually get your business.
The succession & exit process, crafted to meet your goals, timelines, & budget.
Your business needs you to make an informed decision, here's what your Succession Solution will involve:
STEP 1 – Discovery Call
Get started by booking your FREE 10 minute call with our team of real estate agency legal experts.
STEP 2 – Strategic Succession and Exit Planning Consultation
During this in-depth virtual session, spanning up to 2 hours, we delve into your future aspirations, your target sale price, and the range of exit strategies available to you. Additionally, together we will examine the compliance aspects of your business to develop a precise action plan for addressing any gaps. Following this consultation, your personalised Succession and Exit Plan, complete with a contingency 'Plan B,' will be prepared by either us or you, depending on which service model you opt for.
STEP 3 – Your Succession and Exit Plan
On the Expert Pathway, our team of legal experts will prepare your plan for you. Serving as a comprehensive roadmap, your plan will guide your real estate agency through a seamless transition. From business valuation and exit strategy selection, to legal compliance and operation efficiency improvements – this plan will cover all the essentials. It will also consider strategically timing your exit to maximise sale price and include the possibility of introducing potential buyers if needed. Contingency measures, successor identification, financial and estate planning, legal documentation, stakeholder communication, timelines, transition support, risk mitigation, and documentation and reporting are all thoughtfully integrated as action items into your plan. Each element is customised to your unique agency, ensuring a well-structured approach that maximises your agency's value while securing your financial future. Following this, we will assist you in carrying steps 4 and 5 outlined below.
Alternatively, you can purchase our Planning Template and complete the plan yourself and implement it over time. Even if you choose this option and execute steps 4 and 5 of the plan yourself, if you change your mind you can opt back in to have us assist you.
STEP 4 – Action High Risks Needs First
In the first 3 months of your plan, we will action your most immediate needs to reduce risk. The most common areas of focus include addressing the risks related to licensee in charge and key personnel, ensuring your business can operate in ‘if you were hit by a bus’ type of event of unexpected disruption. We use this staggered approach to eliminate the sense of overwhelmingness from the equation. We will provide you with a customised quote for this step as no two agencies are the same and will depend on what you already have in place.
STEP 5 – Exit Get Ready
Depending on your exit timeline, the remainder of your plan will be executed over the next few years. During this time, we will introduce you to other professional advisors in our network and work as a team to execute your plan and get you sale or exit ready. Throughout this period, we will focus on all the action items designed to increase the value of your agency, ensuring you achieve a top dollar exit and a smooth transition. Again, due to the uniqueness of every agency, we will prepare a customised quote tailored to your needs.
STEP 6 – Align Your Personal Estate Planning
Aligning your business succession planning with your personal estate planning is crucial. This ensures a seamless and efficient transition of assets through both your shareholders agreement (if you have business partners), your will and your family trusts, and minimizes potential conflicts and legal challenge for your business and estate. Furthermore, this will help in optimising tax strategies, including reducing tax burdens for you and your beneficiaries. This alignment provides clarity in terms of who should inherit the business and other assets, avoiding ambiguity and disputes among family members or beneficiaries. We will ensure you have peace of mind by developing a cohesive strategy that integrates both personal and business interests for a smooth transition and legacy preservation. Additionally, we will handle the preparation of your personal estate planning documents.
Interested in protecting your legacy & securing your financial future? Find out how the Succession Solution will work for you.
Book your FREE 10 minute call to get started now.
When it comes to setting up your exit and succession plan, there are numerous intricate components to address. These may involve selling your rent roll, addressing shareholder concerns, or managing employment contracts. Acting proactively will guarantee a seamless, efficient transition, reducing stress. Explore our range of DIY templates designed to assist you in building your succession plan.
Ultimate DIY ‘blocks’ for your succession & exit needs.
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With a shareholders’ agreement, you and your business partners can make legally enforceable private arrangements about the rights & obligations of the shareholders in your organisation. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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Our general Non-Disclosure Agreement (also called a Confidentiality Deed) is designed to protect confidential information and/or trade secrets, and should be used before the exchange of the information. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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Includes NDA for due diligence, Term Sheet and Contract for Sale templates, Completion Checklist, Clause and Warranty Checklist and instructional videos to complete your templates and checklist.
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Whether you are the vendor or the purchaser, when you strike your price and deal specifics, you will want to sign up quickly and lock them in with a contract for sale.
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With your Real Estate Contractor Pack you will be able to review your workers agreements, and then effectively put contractor regimes into place – all without having to worry about the legals.
This Contractor Pack is best used for contractor sales agents or property managers where a real estate licence is required.
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If you’re looking settle a dispute, then don’t pay out any funds or compo until you sign a deed of settlement to protect you from litigation and the other party ‘going pubic’ with their concerns. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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Whether you are the vendor or the purchaser, when you strike your price and deal specifics, sign up quickly and lock them in with a term sheet.
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Whether you are the vendor or the purchaser, once you have exchanged contracts you then need to settle the transaction.
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For when the purchaser conducts their due diligence on the rent roll, to protect that confidential info.
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This employment agreement is designed to simplify the process of hiring and reduce potential legal complexities with commission only based employees. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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Our Casual Staff Employment Agreement Template offers the flexibility required for the fast-paced nature of the real estate industry. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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This employment agreement is designed to simplify the process of hiring and reduce potential legal complexities with salary only based employees. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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This employment agreement is designed to simplify the process of hiring and reduce potential legal complexities with employees on a salary and commission based remuneration. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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This employment agreement is designed to simplify the process of hiring and reduce potential legal complexities with retainer (debit/credit) based employees. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
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This Consultant/Contractor agreement is a versatile contract template which makes engaging an independent contractor for your agency simple, clear, and set up to protect you. Accompanied by an instructional video, this template can easily be adapted to your agency’s needs.
While you focus on running a successful agency, let us keep you updated on the important stuff.
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