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It is essential that advance planning is undertaken to ensure that you, your family and your business are properly protected in the event of your death or incapacity, or that of a business partner.
All shareholders of owner-managed business should consider the following to ensure minimal disruption on the death or incapacity of a shareholder:
Our specialists can advise you on all of the above to minimise the disruption caused to the business by the transfer of management and ownership of a business, whilst minimising taxation.
In addition to advising the shareholders in relation to business continuity we also advise individual shareholders in relation to the own estate planning to protect their personal wealth by advising on tax efficient exit strategies, the availability of business property relief from inheritance tax and the use of trusts, the preparation of tax efficient Wills, and the preparation of Lasting Powers of Attorney.
When undertaking business succession planning we always work closely with your accountants, financial advisors and Schofield Sweeney’s Corporate team.
If you are interested in understanding how our team can help you please contact us on 01274 306 000.
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