Contact us for a FREE consultation and assessment of your financial strategy

Business Owners Specific Solutions

SUCCESSION PLANNING

  • Buy/Sell Agreements and Funding to protect business ownership.
  • Estate strategies to distribute wealth to loved ones as per your wishes.
  • Small business tax concession strategies to maximise tax benefits available when selling your business and investing wisely and appropriately.

Business Owners ‘5 POINT’ WEALTH PROTECTION CHECKLIST

5 Pillars of Protection essential for you, your family and your business to be covered:

  1. BUY/SELL AGREEMENT FUNDING If you are in a business and one of the owners was to die or become disabled have business succession arrangements (with sufficient funding) been made to ensure a smooth handover of ownership? If not you could have just inherited your ex business partner’s spouse telling you how to run your business!
  2. KEYPERSON COVER If you as business owner (or another keyperson) dies or becomes disabled, have sufficient insurances been taken out to protect your business from a decline in revenue/profits and also to enable the business to meet its ongoing financial commitments (eg loans/overdrafts/creditors or leases)?
  3. BUSINESS OVERHEADS If you were unable to work in your business for a year, could you continue to pay your ongoing business expenses (eg loan repayments or rent. Leasing costs, utility bills)?
  4. INCOME PROTECTION If you were unable to work for 3 months, or longer, because of an accident or illness, could you meet your lifestyle expenses (eg. loan repayments, rent food, education, clothing, entertainment without a regular income
  5. LIFE/TOTAL AND PERMANENT DISABILITY (TPD) COVER Would your current insurances, including those within super funds be enough to pay off your personal debts (eg mortgage, car loan, credit cards) and keep your family comfortable for the rest of their lives?

Business Finance Advice

Some Solid Gold on Gold

Some Solid Gold on Gold

The wisdom and some solid gold on gold! When fear is in the air and the talk about moving to the supposedly safe haven of gold, beware. Warren Buffett has his say on gold below. Some Solid Gold on Gold “Over the last 36 years working around ‘money stuff’, it’s...

Let's Chat

Book Now