Most successful business owners are very protective of their companies. You may have spent a large part of your time building a business either by yourselves, as a partnership or as a team. So much time has been taken up working in the business, that the all important question of “What happens if?” gets forgotten.
The hard work is building your business or so you think, but things become substantially more difficult if the business loses the cornerstone of the company, which could be either you or a valuable team member.
Are you aware of where the business stands if you were to die prematurely, the value of the company and how this would be paid to your beneficiaries?
Once you have this figure, have you considered the tax position and the impact on your personal wealth once sold?
Shareholder Protection and Keyman can be crucial for the stability along with the value of the business long term.
Most successful business owners are very protective of their companies. You may have spent a large part of your time building a business either by yourselves, as a partnership or as a team. So much time has been taken up working in the business, that the all important question of “What happens if?” gets forgotten.
The hard work is building your business or so you think, but things become substantially more difficult if the business loses the cornerstone of the company, which could be either you or a valuable team member.
Are you aware of where the business stands if you were to die prematurely, the value of the company and how this would be paid to your beneficiaries?
Once you have this figure, have you considered the tax position and the impact on your personal wealth once sold?
Shareholder Protection and Keyman can be crucial for the stability along with the value of the business long term.
Understanding the pitfalls of any business is a real eureka moment as your eyes are fully opened to the whole of your business.
