What if something happened to you or your business partner and one of you were unable to continue running your business? A buy-sell agreement may be the solution you need for your rural business to protect your livelihood should you or any of your partners pass away or experience a trauma or disability. This legally…
If you’re in business and you don’t have a plan for the unexpected or involuntary exit of any of the business partners (including you), this tip is for you. Create a “Will” for your business. Just like a Will for our own estate, a Will for your business will shore up arrangements for a buy-out and…
Family succession planning can be complex, particularly for rural families. None the less it’s important to take action and there are a range of matters that you will need to work through to not just achieve financial outcomes but also the legacy you wish to leave for the next generation. Here I’ve summarise for you…