We are a small network of Independent Financial Advisers directly regulated by the Financial Services Authority, and mainly linked to firms of Chartered Accountants in The CharterGroup Alliance.
Succession Planning
What will happen to your business when you are gone? This could be retirement, early retirement through ill health or even death.
· Things you should consider:
· Who are your business partners and what ages are they?
· Will each partner retire at different times?
· What will happen to their share of the business
· Do you have a partnership/ co-shareholder agreement outlining the options
· Are you planning on leaving your business to your children?
· What is their involvement in the business?
· Are you planning to sell your business when you retire?
· What is the value of your business
· Can the business survive without you?
· What pension arrangements have you made?
How we can help:
· We can help you put together a partnership/ co-shareholder agreement
· Set up life assurance plans to fund buying out a business partner in event of death/ ill health
· Set up or review pensions to make sure you have enough income in retirement
· Help valuing business
· Advice on tax breaks and allowances
© CharterGroup 2012 - Site developed with Vision Websites
Last modified: Aug 9 2011 7:57PM