Business Restructuring is an all encompassing and at times a misused phrase. Every business restructure can be broken into segments which collectively form the back bone of a business restructure plan. A business restructure can be as wide or as narrow as the drivers creating the necessities for a review. Irrespective of the preceding comments a business restructure plan must be practical as well as effective, and it must be as least disruptive to the business of doing business. \ \ In any restructure there is a process. \ \ Step 1: the process is to understand the business, its weaknesses and its strengths. These key drivers can be market driven, legal, intellectual, taxation, product, and or staff to name a few.\ \ Step 2: understand the reasoning behind a restructure. This can be a commercial matter such as impending litigation, merger or acquisition, cashflow crisis, or an asset protection matter. Or it can be tax driven compliance such as R&D or future CGT consequences.\ \ Step 3: is to develop a business restructure plan that delivers the desired result inclusive of ensuring that the key business drives are not detrimentally affected by this process.\ \ Step 4: the final step, is the implementation of the business restructure plan.\ \