{'fraction_non_alphanumeric': 0.021359223300970873, 'fraction_numerical': 0.0, 'mean_word_length': 5.403726708074534, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Perceived usefulness of business succession planning and chartered accountants’ involvement in the process

Abstract This study provides qualitative data on the business succession (BS) planning process of a sample of New Zealand small and medium enterprises (SMEs), the usefulness of that process and the usefulness of Chartered Accountants’ (CAs’) input into BS planning. Interviews of owners of five provincial family SMEs revealed that BS planning was undertaken in a semi-formal manner and was useful in planning for change to a ‘more balanced lifestyle’, providing reassurance to family members and maintaining business continuity. Assistance from CAs was essential for the technical and financial issues of BS. Successful advice was enhanced by a long-term, trustworthy and honest relationship between the CA and the client. SME owners preferred to address the emotional and personal relationship issues of succession without input from the CA. Four recommendations to CAs on their involvement in BS planning are suggested.