Business Continuity Planning
As an individual would plan for their future, so must a business. What would happen if your partner, co-member or co-shareholder were to die?
Will your family be fairly compensated, for the value of your interest in the business, in the event of your death?
What will happen on the death of the surety with the biggest balance sheet should a creditor believe that the remaining sureties do not have sufficient assets to cover the business’ liabilities?
Are there key personnel in the business that provide invaluable expertise or marketing skills?
What would happen to the cash flow of the business if such a key individual dies or becomes incapacitated?
These are important considerations that can be addressed by appropriate and workable solutions and BMC Wealth is well placed to give advice in this regard.
Interested in our Business Continuity Planning Solutions?
Enquire via the link below and one of our team members will be in touch with you.