It is important for you to plan what will happen to your business when you leave, or if in the unfortunate situation, an unexpected event happens to either you or your business partner. In essence, a business Succession Plan focuses on how your business will be transferred to a business partner after a party’s:
- Total or Permanent Disability (TPD); and/or
We have decades of experience in providing businesses of all sizes with appropriate advice to ensure that the business is transferred to the correct party and to provide our client with the security that their business will run smoothly after any of these events.
Our team has in depth experience in ensuring that each Succession Plan is supported by appropriate funding arrangements to allow your business to continue. This includes either implementing an insurance policy or setting funds aside in a relevant account.