Corporate Financial Planning

It goes without saying that companies require specialist financial planning advice.

Corporate Financial Planning

It goes without saying that companies require specialist financial planning advice.

Too many companies leave this aspect of their business to chance risking their business in the process.

Expertise is needed to plan around corporate tax requirements and any implications that arise. Companies have many specialist needs including business protection, partnership and key person protection and employee benefit schemes. Contact us on 0208 275 8555 to arrange a full business financial planning review.

Business Protection

Many small yet successful businesses operate as a partnership of two or more individuals, each one of which often brings a unique and valuable skill to the table.

If one of the partners dies, his share of the partnership or company passes on to his estate, often a surviving spouse or children. Technically speaking, if the business is a partnership, the partnership is dissolved, which may not be convenient to the surviving partners. If the business is a limited company, the surviving beneficiaries will inherit the deceased's shares, and in so doing, will own part of and possibly even gain a controlling influence over the remaining business, but without necessarily having the knowledge or skills to contribute.

It is often in the interest of all parties to put in place an agreement that allows the surviving partners or shareholders of a company to 'buy out' the interest of the deceased partner/shareholder. Such an arrangement can provide the deceased heirs with a cash lump sum equivalent to their inherited share, whilst returning ownership and control of the business to the surviving business. There are a number of ways of doing this, including buy and sell agreements, and cross option agreements. The best option will depend upon your company's circumstances and those of its potential beneficiaries.

It is important therefore to establish a detailed understanding of all of the relevant factors that can influence which type of agreement you have in place and which type of agreement is suitable.

Purchasing a property in Barnet and the surrounding area

Click here to find useful links for Estate Agents and Chartered Surveyors websites in the area of Barnet.
Read More

Head Office

Simpson Bowers Wealth Management
First Floor Office, 143 High Street,
Barnet, Herts, EN5 5UZ

T: 0208 275 8555
F:
0800 2061354
E:
gary@simpsonbowers.co.uk

 

Digital Magazine

To download our personal finance magazines and financial guides packed full of informative financial news, simply register your name and email address.


Latest Financial News

Top