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Articles

CREDITOR-PROOFING YOUR BUSINESS

What if you are still running your business at the time you suddenly die? Maybe you are the key element to the business success, whether it is a family business or not. What would be the impact on the business and your estate? The business could cease to function after your death. If the business [...]

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FUNDING YOUR BUSINESS WITH LIFE INSURANCE

If you already have a buy/sell agreement, or are thinking about putting one in place, consider how the purchase of shares after a shareholder’s death will be funded. Will the surviving share-holder(s) have to obtain a bank loan to finance the purchase? What if the person has trouble obtaining a loan? Alternatively, should the company [...]

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FAMILY BUSINESS SUCCESSION PLAN – CONSEQUENCES OF DYING SUDDENLY

Consider some of the consequences if you were to die suddenly:

Would anyone know what to do at the office-which customers or suppliers to call, what to say to any outside lenders?

Is your will up-to-date, and does it reflect your current wishes on what you want done with the business after your death? Even if you [...]

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