Business Succession Planning
Being in business can be extremely rewarding but it's estimated that over 90% of SMEs are operating without having fundamental legal documentation in place. And by doing so they could be risking everything they've achieved and storing up potentially huge future issues.
It is important to have an understanding and to plan what would happen to your business interest in the event of your death or the death of a co-owner. Many business interests will qualify for favourable Inheritance Tax treatment. However, this can be compromised or completely lost without careful planning.
So whether you are a sole trader, in partnership, or a Director of a private company, it is essential to establish strong legal foundations upon which to build. Our specialist Consultants can help you to protect your business interests and ensure that their value can be passed on intact.