One of the main objectives of business proprietors who are wholly, or substantially involved in the operation of a business is ensuring an orderly and successful succession occurs in the event of a principal’s departure from the business, whether voluntarily (through retirement or resignation) or involuntarily (by way of death, disability or other health crisis). Too often these issues are put in the too hard basket.
Careful planning and ongoing communication between business principals and their advisers can avoid potential pitfalls. We are able to analyse and advise you on your business structure, how future assets can be acquired and put in place the necessary documents and agreements to meet your needs. These documents may include bus8iness succession agreements, or “buy/sell” provisions funded by life insurance policies, agreements between shareholders, wills and testamentary trusts.
For further information contact Jennifer Orchard or Christine McCallum.