Have you considered the need for business insurance?
Do I need business insurance?
Are you 2 or more business owners and need protection if something happened to any of you (either death or a non-death event)…. as you ALL are key persons to the continuation of the business. Are you concerned how you are going to fund acquisition of an exiting proprietors equity if he/she wish to leave or retire? Can an insurance lump sum help provide funding? How many insurance policies do we need? Who should own the policies and are the insurance premiums deductible to the business or the business owner (insured person)? Do we really need a buy-sell agreement or are their alternative solutions?
These are all questions that you need to consider! If you require assistance in formulating the best approach to your business insurance contact us now!
* Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited.