Business Succession Planning (Buy Sell Agreements/Partnership Agreements) are an absolute must for any business. A comprehensive succession plan will not only ensure your business can continue to prosper but families and estates are provided for in the event of a director’s death or disablement.
How Business Succession Planning Works
Business Succession Plans or Partnership Agreements, allow for funds to be available in the event of a director or shareholder’s death or disablement, to pay out their business value to their estate then transfer the share holding to the remaining director/s.
With features such as pre-agreed purchase price, tax deductible premiums and competitive rates, this is a must for any business. KDM can structure these policies to be either owned personally, by the company even through a trust or hybrid setup.
Essentially we want to make sure the right people get the money when they need it most!
Be Prepared
If something ever happened to your business partner, who would end up running your company … you, his wife, her husband or their family?
Key Person and Business Group Insurance – Does your business have key crucial staff?
Key Person Cover allows people within businesses to be insured so that the financial impact on a business is minimised and funds are available for possible loss of revenue and or rehiring/training costs.
Key Person Insurance Plans
If you are concerned about the financial impact your business could suffer if certain staff were not able to work due to health reasons, then a key person insurance plan could be the answer – call KDM advisers and ask them to develop a tailored, tax deductible strategy.
Employer Superannuation Options
KDM Financial and Estate Planning is a flexible one-stop shop for employers who want ease and efficiency when it comes to providing super for their employees.
As well as a range of quality fund and investment providers, flexible insurance arrangements and one simple, competitive administration fees, KDM can help you manage your employees’ super obligations with ease.
The money you contribute to your employees’ superannuation should be regarded as one of your most worthwhile investments. The right super fund can help attract the right staff, as well as retain and motivate them. This can result in reduced employment costs and more positive, productive and motivated employees.
Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.