Have you worked hard to build and run a successful business that you wish for your family to benefit from in the event of your death?
Without the correct Business Succession planning, the people who inherit your business may not be those you intended or you may leave your family and business partner in a sticky situation, creating a major impact on the running of your company.
Watch our video to find out more!
Key considerations
- Would your spouse be able to or want to run your company in the event of your death, whether it is solely or with your business partner?
- Would your business partner have the funds to buy your shares and ensure your family receive their inheritance?
- Would your business have to be sold, with the proceeds potentially liable for Inheritance Tax?
- Would your business have depreciated in value due to a forced sale or potential inexperience of your family managing this?
Our specialist advisors can take you through the considerations and plans you may want to put in place to protect the interests of your business and family members.
