Selling your business is more than a transaction; it’s the closing of one chapter and the beginning of another.
t represents years of hard work, dedication, and the courage to build something from the ground up. Once the sale is complete, your focus naturally shifts to what comes next: how to protect, invest, and make the most of what you’ve earned.
At LBW, we understand that managing wealth after selling your business isn’t just about numbers. It’s also about securing your future with confidence and care.
When ownership ends, your priorities evolve. You move from managing a business to managing personal wealth. With a clear, tailored plan, you can move forward with purpose and peace of mind.
Step 1 – Understand your new financial position
Before deciding what to do next, LBW can help you review your entire financial picture. Look at sale terms, tax obligations, and payment timing. It helps to set aside funds for taxes early. That way, you know exactly how much is available to use or invest.
Our team of advisors works closely with clients to understand the terms of the sale, manage cash flow, and assess comfort with risk. This assessment provides you with a clear foundation before making any significant financial decisions.
Step 2 – Plan for short-term and long-term goals
Managing wealth after selling a business starts with understanding your timeframes. Think about when you will need the money. For example, if you plan to use it within two years, savings or offset accounts may offer the flexibility and security you’re looking for.
However, if your goals are five to seven years away, investment options may help your funds grow. LBW’s financial planning experts in Geelong build personalised plans that fit with your goals and your stage of life.
Step 3 – Explore superannuation and retirement strategies
Many business owners use sale proceeds to build their super. Reasoning may be that it can help secure retirement income while offering possible tax benefits. Our Self-Managed Super Funds (SMSF) team in Geelong can guide you on contribution limits and tax-effective strategies. The proper structure can help you protect your wealth and maintain your lifestyle for many years to come.
Step 4 – Align your money with your lifestyle
After years of running a business, managing a significant sum of money can feel both exciting and overwhelming. But this is your moment, the reward for years of dedication. A thoughtful plan helps ensure your decisions aren’t rushed or ruled by emotion but guided by what truly matters to you. Take the time to define your next chapter. Do you want to explore the world, support causes close to your heart, start something new, or simply enjoy the freedom you’ve worked so hard for? Now is the time to let your money serve the life you’ve envisioned.
LBW’s financial planning team in Geelong helps you to design a portfolio that accurately reflects your goals and comfort with risk. We aim to ensure your wealth supports the lifestyle you worked so hard to create.
Managing wealth after selling a business with LBW
Managing wealth after selling a business is about strategy and support. It takes careful planning to protect what you have built. LBW helps clients create pathways for stability, growth, and peace of mind.
If you’ve recently sold a business or are planning to sell soon, now is the time to prepare. Speak with LBW’s experienced financial advisory team in Geelong to shape a strategy that secures your next chapter.
This blog provides general educational information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances.
LBW Business + Wealth Advisors is an Authorised Representative of LBW Wealth Pty Ltd ABN 56 652 382 128 AFSL 534569. Please see our website www.lbwca.com.au or call 03 5221 6111 for more information on our available services.
