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MEET the SCM Wealth Management team

DISCOVER how we can help you

LEARN more from our current resources

Make your money work for you

Speak to a specialist   ph: 03­­­ 9848 9811

Monday – Friday 8.30am to 5.30pm (Melbourne time)

Make your money work for you

Speak to a specialist   ph: 03­­­ 9848 9811

Structure your business affairs

As a business owner your business could be your largest asset, which means it’s crucial you structure and protect it effectively. Whether you’ve owned your business for years or you’re just beginning a start-up, it’s important you review your business structure to ensure it’s the right one for your business needs.

Every business is different, but one thing is constant:  you’ll want to get the maximum profit from all your hard work. But you also want to be sure it’s adequately protected.

It’s important you understand what’s right for your business. But it’s equally essential you understand what risks your business could face and is well protected.

Your business is one of your most important assets.

Ensure it is structured and protected effectively.

What should you consider?

Whether you own a small or large business, a start-up or a 3rd-generation family business, we understand your daily challenges. How do you manage cash flow, budgets, customers, staff, and business partners? How do you keep on top of the small, day-to-day things as well as the bigger picture – your business structure and management?

If you’re starting up a business, you’ll have to consider which structure you’ll adopt, whether it’s as a sole trader, a partnership, a trust, or a company. Whichever structure you choose, you’ll want to ensure it’s tailored to meet your business needs, and that you’re fully aware of your business obligations and risks under each structure. Have you carefully considered the set-up costs, tax advantages or disadvantages, management arrangements, liabilities and responsibilities under each structure?

Shareholder agreements

How do you ensure your business works effectively and fairly with multiple shareholders or business partners? A shareholder agreement could describe your company’s operations and your shareholder’s responsibilities. It could cover:

  • The company’s management
  • The appointment of directors
  • The fair pricing of shares
  • Decision-making processes
  • The protection of your shareholder’s rights
  • Dispute resolutions
  • Exit strategies for shareholders

Succession arrangements

Have you ever considered what could happen to your business if one of its co-owners exited – planned or not? The best businesses succeed when every eventuality has been considered and prepared for in a business succession agreement.

How is your business protected against a partner’s death, retirement, bankruptcy, or total and permanent disability? Do you have a buy-sell agreement to facilitate a partner or shareholder’s exit from the business? This agreement would consider, among other things:

  • Potential new buyers
  • Events that make a buyout eligible
  • The value of the exiting partner’s interest in the business
  • Importantly, how it will be funded

Without such an agreement, your business could face infighting, financial strain, tax issues, lose customers or loss of reputation.

How SCM can help

At Scholten Collins McKissock, we work with a professional team of accountants, lawyers and business planners/coaches to ensure your business stays on track and grows. We can:

  • Advise you on the right business structure
  • Help you manage cash flow and budgets
  • Help structure shareholder agreements
  • Help write and manage succession and buy-sell agreements, including funding
  • Advise you on Group Life and Key Person Life Insurance

Contact us to arrange your first appointment today.

We can help you at any stage of your life. Whether you’re starting your first job or planning for your retirement, we can provide expert guidance and knowledge.

Get in touch with us today for more information on how we can help you manage your wealth, and to book an appointment with one of our advisers.

Meet our Wealth Management team

Trent Collins

Trent Collins

Practice Principal

Matthew Scholten

Matthew Scholten

Matthew Scholten Executive Chairman & Practice Principal

Christopher Fagan

Christopher Fagan

Executive Director & Practice Principal

Luke Spiller

Luke Spiller

Senior Financial Adviser

Emily Macdonald

Emily Macdonald

Associate Adviser (professional year)

Mitchell Fidas

Mitchell Fidas

Associate Adviser (professional year)

Our story

At SCM, we believe our success is largely due to our people – their expertise, professionalism and their commitment to you – our clients. We build lifelong relationships with our clients that are based on a real understanding of your situation and your goals. We work hard to get to know our clients. We listen, explain and educate.
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Working together to create a strategy that’s right for you

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Working together to create a strategy that’s right for you

DISCLAIMER: It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Neither Elect Wealth Management Pty Ltd, an Australian Financial Services Licensee, nor its authorised representatives and Elector Pty Lt atf Scholten Collins McKissock Trust warrant or represent that the information in this site is free from errors or omissions or is suitable for your intended use.