A Business Will is an agreement that commonly takes the form of a buy and sell option (buy/sell agreements) between the owners, and is a key document for businesses. The Business Will ensures the smooth transition of the ownership of a business in the event of a death, total and personal disablement or trauma of a business owner.
It is very important to ensure that expert advice is sought, so that Capital Gains Tax (CGT) is not triggered unnecessarily. A Business Will is one of the most important documents that can protect your business and your family now, and in the future.
A correctly structured Buy/Sell Agreement and Business Will will have the following attributes:
It is important that you speak with a member of our team as soon as possible. You will never know when your circumstances change which could impact your business at any stage. If you wish to speak with our team please feel free to call or email our office today. Our Wills and Estates team have extensive experience in Buy/Sell Agreements and Business Wills.
Don’t hesitate and talk to our team today to ensure your business and personal assets are protected. Contact us now.