If you're thinking of selling your business, we bet there are 2 key outcomes you are looking for: 1. Getting the highest purchase price possible; and 2. Being able to make a clean break from the business, so you can think about something else (and maybe even relax or take a holiday). These outcomes are both realistic and achievable, but it will take some planning before you put the business up for sale.
What is, and what is not, in your personal estate? This may sound like a academic question not worthy of a lot of thought. However, if you are in estate planning mode, it is critical that you answer this question correctly.
Do you have the right to determine who inherits your farm? The short answer is 'not necessarily', but there are things you can do to increase the chances of your wishes being upheld.
All of the lawyers I’ve worked with at Andreyev Lawyers have excellent practical knowledge, and are happy to work with professionals like myself to come up with solutions for our clients.
- Business succession and your super fund GalleryBusiness, Business Interest, Business Succession, Estate Planning, Facebook Published, Individual Interest, Life, Life Insurance, LinkedIn Published, Newsletter Published, Newsletters, Superannuation, Twitter Published
Sometimes people look to their super fund as a means of funding life insurance for a business buy-sell arrangement. This is possible, but there are some tricks and traps to be aware of...
If you’re like me you pour your life and soul into building your business. But when did you last stop and ask yourself, ‘What for?’ If, like me, being in control of your financial destiny is important to you, then it's important to make sure that the value of your business is protected if something unexpected happens.
Have you thought about what would happen to your company if you became incapacitated, or worse, if you died? Who would pay the bills, and enforce the company’s rights?
Get a copy of our detailed Seminar Paper and Slides from our August 2012 Seminar on the value of Buy-Sell Agreements.
No matter what type of business you're in, it's important to protect yourself against the unexpected - what we refer to as the "Seven Dogs": Death, Disability, Divorce, Default, Departure, Disagreement and Deadlock.
You spend most of your time working in your business. But how much time have you recently spent thinking about how to protect the wealth that you are building in your business, or how to realise and pass this wealth on?