FREE WEBINAR TO EXPLORE WHAT WOULD HAPPEN TO YOUR BUSINESS SHOULD THE WORST HAPPEN
A free webinar aimed at small and medium businesses is set to explore the consequences should the worst happen to the owner or a key individual – and how businesses can protect themselves.
Experienced financial planner Jon Matchett of Lovewell Blake Financial Planning will take participants through four common scenarios and explain the potential implications, and how businesses can mitigate the risk.
“Whether you are a sole trader, in a partnership, a limited liability partnership, or a director of a limited company, planning for the unexpected is vital to ensure that your business can continue to run smoothly,” said Mr Matchett.
“For example, what happens if a partner or director of a small business dies? What happens to their share of the business? Will the surviving family want to retain it, and will they have the necessary funds and business skills to take over? Conversely, what if the partner or other shareholders want to take control of that share in order to safeguard the business as a whole?
“What are the implications for profits if a key person passes away? What if the business has debt and the death of one of the owners means that debt has to be repaid? And how can a business ensure it looks after the family of an employee who has died in service?
“These are all things which we hope won’t happen, but which we know do indeed occur – and it is vital to be prepared so that should the worst happen, your business (and its owners) will be protected.”
Lovewell Blake Financial Planning’s Business Protection webinar takes place on Tuesday 25th February at 4.30pm on Teams. After the presentation there will be a Q&A session for participants to explore the issues further. Attendance is free, but participants must register in advance. More details at www.lovewell-blake.co.uk/events/event/business-protection-webinar.