About the Business Succession – Insurance, Tax & Facts

In business with your best mate? Love him, not sure about his wife or his mistress?

If he dies then you can be sure that his wife or his mistress will end up being a co-owner with you.

You have worked to build up your business. Your business has value. If something happens to you, you need to be able to fully realise that value.

What if your partner goes bankrupt? Or goes to jail? Would you be happy with their spouse stepping in and running your business? Wouldn’t you like to have the right to buy that party out?

What if you are running the business but you get sick or want to retire? But the others will not buy you out or let you sell your share of the business to someone else? Wouldn’t you want to be entitled to get out of the business?

This manual will tell you all you need to know about planning for business succession and associated taxation implications.