A lot has changed in the last year and a half, giving many business owners a chance to think about their future.
Most businesses owners will want to protect the value built up in a business so it can be passed to their families and other beneficiaries when they pass away.
This can be done in many ways, such as through the creation of an effective succession plan, the preparation of a Will, through careful estate planning or by using several legal structures that help to secure the transition of business interests on death and reach an agreed amount of cash for the purchase of the shares.
By agreeing and reviewing the value of a business regularly, confirming the terms of sale and purchase and implementing the right succession planning in a Will you could help avoid disputes and reduce any Inheritance Tax due on an estate.
At Nicklins, we have helped a wide range of business owners and their families put effective plans in place.
For further info and a free consultation without obligation, please contact us by calling 0121 550 9916 or email firstname.lastname@example.org