How would my business survive the Death of my Business Partner?

Planning for your financial future will give you peace of mind today. This week, our Expert Qualified Financial Adviser, Philp Sicat, Premier Financial Services, discusses why protecting your business against the death of a business partner is so important.

How would your business survive if:

1. One of your key employees or shareholders became seriously ill or died suddenly?
2. 2. Your business partner died?
3. 3. You died?

If any of the above questions are a cause for concern then maybe you need business protection.

It won't happen to our company
The odds of one partner in a 2 or 3 man business dying or becoming seriously ill before retirement are probably a lot higher than you might think.

<What's the solution?
Arranging adequate business protection insurance is the only way to ensure that the necessary funds will end up in the right hands at the right time, in a cost efficient manner, to ensure the continuity and the survival of the business.

Keyperson Cover
This allows a limited company to plan for the potential financial loss that it would suffer on the death or serious illness of a key employee.

Personal Shareholder Protection
This allows the shareholders of a limited company to provide funds to purchase the share of a deceased shareholder from their personal representatives.

Corporate Shareholder Protection
This is an arrangement whereby the company agrees with each shareholder to buy back his / her shares from his / her personal representatives on death, with the insurance cost being borne by the company.

Gift of Inheritance Tax Planning
This allows you to plan in advance for any tax liability which could arise on the transfer of a business, thus ensuring the business won’t have to be sold off to pay the tax debts.

For a FREE initial consultation call Philip now on 066 7185723

Important Questions

• Will I be able to pass my business on to my children intact without it being
  ravaged by tax?
• How will my family survive financially in the event of my sudden death?
• How would the business survive in the event of my sudden death or the
  death of a partner?
• What would happen to my income in the event of a long-term absence from
  work due to illness?