Business owners seek our help for a variety of reasons. It may be related to cashflow or it could be that they are looking for ways to protect and grow business.
It could be that you would like your SMSF to own the property that your business operates in so that your business can free up some working capital. Perhaps you are looking at ways to ensure that the lifeline of your business (cashflow) is covered and want to explore business overhead or key person insurance. It might be that you need a comprehensive succession plan so that a buy/sell agreement is in place in the event one owner dies, forced to leave the business or chooses to leave.
Whatever the reason we have the right team around us to support your business. We work with some of the most innovative people in the industry and can put together a solution to help your business thrive.
Asset is held in a potentially more tax-effective structure and can free up working capital.
Business Overhead Insurance
Helps protect your livelihood by giving your business cashflow to take care of the day to day expenses so you can focus on recovering.
Key Person Insurance
Provides a monthly benefit to your business to cover the income your key person would have generated just in case they become sick or injured and unable to work.
Sets out the terms of transfer of ownership should one of the business owners die, becomes incapacitated or trigger a specific event.
For example, say Tom and Bill own a medical practice worth $2 million dollars. Imagine that Tom passes away suddenly leaving his shares to his wife Sarah who is a stay at home mum with two kids at private school. If Bill cannot raise the money to buy Sarah’s share of the business, then she is left running a business that she may not have any experience in or any time for.
A well-structured plan would avoid this unfortunate situation leaving both parties happy with the eventual outcome.
No matter how big or small your business, you will at some point face some difficult challenges and the key to success is having a great team around you