Season 2 Ep. 17 The Importance of Business Succession Planning: a Commercial Lawyer’s Perspective with Scott MacNeill of Gibson MacNeill

19 June 2025 The Vicca Law Podcast Season 2 Ep 17 The Importance of Business Succession Planning: a Commercial Lawyer’s Perspective with Scott MacNeill of Gibson MacNeill This episode of The Vicca Law Podcast continues the June focus on business succession planning with a special guest appearance by Scott MacNeill of Gibson MacNeill Lawyers. Scott, a commercial lawyer with experience across both private practice and in-house roles, joins Lidia Vicca to explore the practical and legal considerations involved in succession planning for business owners. Together, they discuss why business owners—particularly sole directors and shareholders—must understand the implications of their company constitutions, trust deeds, and shareholders agreements, and how these documents impact control and continuity after death or incapacity. The conversation covers critical succession tools such as company powers of attorney, buy-sell agreements, and buy-sell insurance, as well as key clauses like tag-along and drag-along rights that affect how and when shares can be transferred or sold. They also consider the challenges that arise when family members or third-party partners inherit business interests and why proactive planning can prevent future disputes or unintended outcomes. Whether you operate a small family business or co-own a company with business partners, this episode offers valuable insight into how thoughtful planning and clear documentation can safeguard your enterprise and legacy. Don't forget to like, subscribe, follow and share The Vicca Podcast. Visit our website www.viccalaw.com.au. Ready to take the next step? Call us on 07 3138 9940 or visit our website www.viccalaw.com.au to book a FREE consultation. Don't forget to follow us on socials and keep up to date with the latest news: Instagram Facebook LinkedIn