Here are the problems:
As a business owner, you’re concerned about the long term success of your business. Profit and growth are among the most important business objectives. As your business grows, so do a number of potential problems. Often, these problems are recognized too late. Proper business planning will ensure your business continues to be successful.
Buy-sell funding
If one of your partners died prematurely….
Would you have enough capital to buy out his/her shares?
Could the survival of your company be in jeopardy?
Key person coverage
If one of your key employees became disabled or died...Would this impact your company's profits?
Capital gains tax
As a business owner, you have worked hard to build the value of your business. You may have started from scratchor with relatively little initial investment. Your efforts have led to a sizeable increase in the market value of your business as your surplus has grown and debt has been reduced. At this point, the value of your business may have increased well beyond your initial investment. This growth carries a hidden liability. If you die or sell your business, a capital gains tax is triggered.
What are your options?
Creating an effective business plan means ensuring the financial health of you and your business and ensuringyour family is looked after.
There are a number of ways you can fund a buy-sell agreement, protect against the loss of a key person or deal with capital gains tax.
Together with me, tailored financial solutions and personalized advice will be made for you