Ensuring the survival of your business, either when you pass it on to your children, or in the event of a partner dying, requires careful planning. In addition Gift or Inheritance Tax Planning allows you to plan in advance for any tax liability which could arise on the transfer of a business, thus ensuring the business won’t have to be sold off to pay the tax debts.
If you’re self- employed, it’s probably time to think about life, making your own choices and decisions, and the rewards that brings; personally and financially.
Have you thought about what happens in your business if your business partner dies suddenly of if your business partner was too ill to work.
Many businesses rely on a few individuals who perform key roles in your company. The loss of any one of them could be a real threat to the financial stability of your business.
