Corporate Risk

What Is Important For You, Your Business and Your Employees

Just as your business will look for opportunities to increase profits and take steps to exploit them, it is essential to make sure that it identifies potential threats and puts in place measures to protect itself. Sancus Retirement Planning can help you identify threats to your business stability and profitability and advise you on measures you can take to protect the business. 

 

Key personnel

Who in your business is vital to profit? It could be members of the management team, but equally it could be a technical specialist, or a member of the sales or client relationship team. What would happen to your profits if they suffered long term ill-health or died? The first steps are to identify these key employees and look at long term solutions – perhaps training up others to step in should the need arise, diluting the risk.

However, in the short term while you are managing the risk you could protect the company’s profits by insuring individuals. We can help you identify these individuals, the impact on operations and profit their absence could cause, and how to protect the company in a cost and tax efficient manner.

 

Business owners

What happens to the ownership and control of your business if one of the owners dies or suffers severe ill-health? Do you have a Shareholder or Partnership Agreement to smoothly transfer ownership? Will the owner and their dependents / beneficiaries receive the full value of their share of the business? Can the surviving owners afford to buy out their former business partner?

 

Sancus Retirement Planning can help you identify and quantify the issues, discuss and agree a transition strategy that suits all of the business owners, liaising with your legal advisers to create Shareholder and Partnership agreements if they do not exist, and then put in place a cost effective structure to help fund the transition and release the appropriate values to the owner, their family or beneficiaries in the most tax-efficient manner.

 

Please contact info@sancusrp.co.uk for more information, help and guidance on our Corporate Risk Solutions Service.