Raising the issue of retirement or disposal of a business with those who have close ties or vested interests in its future is not always easy. Trying to balance the continued well-being of the company and keeping staff motivated while planning a new future can be challenging.
This is where the knowledge we have gained and the time we have spent over many years talking to business owners about their challenges can help you. We call on this experience to act as your trusted counselor or be a shoulder to lean on. Creating an environment where you are comfortable enough to discuss your thoughts, concerns, and objectives is an essential element of our service.
Have you made plans as to the consequences and impact on your business in the event of your untimely death or that of a key partner?
Without planning, an unexpected death will most certainly leave your family, beneficiaries, and business partners with ownership, valuation, and other challenges. We can help you prepare for such eventualities and alleviate potential conflict points that could happen between your beneficiaries and business partners. For example, if yours is a family business, careful planning can take away the additional conflict that can arise between family members.
Cash deposits can be one issue that is sometimes put to one side to 'look at tomorrow' when running a business. Perhaps dormant in low-interest accounts and being eroded by inflation, it always makes sense to get the highest returns possible on balances available after operational considerations and immediate cash needs are accounted for.