Failing to plan for the unexpected can destroy a business, leaving nothing for those who built it. Your Business Continuity Plan will incorporate a properly structured Buy and Sell Agreement, backed by life and disability insurance for each partner, ensuring that your business is protected against the death or disability of a shareholder or member.  Furthermore, it provides each partner with the absolute security that their individual business interest is a tangible asset in their estate and that their family will receive a pay out that represents the fair value of this interest.

Only 14% of family businesses remain in the family beyond the third generation as a direct result of a lack of succession planning.  Succession planning is a process that will ensure that your successors are identified and prepared to take over the management of the family business once you retire, or sooner if you become disabled or die.

To replace a key person in your business can be costly. Not only do you lose the knowledge and experience of that person, but if they were integral to the running of your business it could affect your business’s future.  These key persons are at the helm of your business – they steer, create and drive your enterprise. Can your business survive if you lose such an asset? The solution is insuring your business against the loss of a key person. This will give you the necessary cash on-hand to keep your business running while you recruit and train a replacement.

The future expansion of your business is an exciting prospect. However, expansion is usually a costly exercise that requires vast capital investments. With a Future Expansion Plan, you can start providing for future liabilities now, so that the money is available when your company is ready to expand.

The nature of most suretyships is such that the person who signs the surety may be held liable for the entire amount of the outstanding debt.  Imagine the impact this can have on a person’s individual financial planning.  A Personal Liability Plan ensures that individuals who sign surety for a business are protected in the event they become disabled or die.

Whether you own a small or a large business, the pay and benefit package that you offer your staff impacts who you will be able to attract to your business, and your ability to keep those employees with specialist skills.  An Employee Benefits Needs Analysis is crucial if you are considering setting up a pension or provident fund, group risk scheme or preferred compensation arrangement.