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Business Owners

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As a business owner, having a business interest or shares there are several factors you need to think about and put in place….

Are you aware of the consequences if you or a shareholder in your business becomes ill or passes away?

Did you know?.....

The top 3 risks for a business are*;

  1. The Death of an owner or key employee

  2. Major contract loss

  3. Owner or key employee suffering critical illness

Business Will

It is important to carefully consider who you want to inherit your shares or business interest.  Depending on your business (sole trader, partnership) the need within your Will varies.

 

Business Lasting Power of Attorney

In addition to your Lasting Powers of Attorney (LPA) for your personal matters you can have a business LPA appointing Attorneys appropriate solely for your business.

 

Those you appoint for your own personal affairs may not always be the same people you wish to manage your business.  A separate business Will and Lasting Power of Attorney is likely to be required.

 

We work with a great team of trusted advisers from Financial Advisors, Wealth Management Advisers, Accountants, Protection Advisers and Solicitors – giving you the peace of mind that every aspect of your business is looked after.

 

*Source: Legal and General Business Protection State of the Nation SMEs Report 2021

Employee Benefit options

 

Are you looking at new ways to reward your employees?

 

As a business owner the current climate is difficult to increase salaries for your employees, so you need to look at ways to make your employees feel rewarded.  Most companies look at the possibility of providing death in service benefit so how about a Will?  

 

Health & Wellbeing provisions is key for all your staff.  What is a better way than to ensure they have a Will in place that looks after their estate, and loved ones, should the worse happen!

 

Contact us today to discuss in more detail.

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