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Do you have a Business Life Plan?

14 April 2021 | Paul Hardman

GL Law specialises in helping family businesses plan for the future. Our Business Life Plan is for business owners, directors and shareholders, whatever stage you are at in business and in life.

The daily operations and demands of a family run business can be very distracting and often time consuming. However, it is vital that business owners find time to assess the future of their business and their personal futures.

Have you thought about how will you hand the business over to your children? What would happen if you became ill or had an accident and lost the capacity to run the business? These are difficult questions to consider but leaving it too late could be detrimental to the future success of your business.

The Business Life Plan

To preserve your business reputation and the wealth it has accumulated you will need to think strategically. This is where our Business Life Plan can help. The Business Life Plan helps you work through each aspect of planning for the future, taking into consideration your individual circumstances, and provides a solution that protects your business interests and private assets.

How does the Business Life Plan work?

Our team of expert solicitors will review your current situation using the Business Life Planning questionnaire, and make recommendations that are tailored to suit you, your business and your family. With a combination of corporate and private client legal experts on hand, we take a personal approach and consider all aspects of your life.

We will help you with:

  • Documents that will protect your rights within the business – including Shareholder and Partnership Agreements
  • Business succession planning – shares, investments, employee share schemes, family businesses
  • Personal wealth protection – Wills, Powers of Attorney, estate planning, trusts, inheritance tax planning, insurance and asset protection
  • Retirement planning – restructuring business assets, pensions, tax planning
  • Legacy planning – foundations, charities, trusts and family investments

Expert legal advice

Knowing that you have prepared for a time when you are ready to slow down or forced to stop working will give you peace of mind. With a clear understanding of your end-goals and the knowledge that your future is protected, you can focus on running the business.

Our team of expert solicitors, Paul Hardman and Heledd Wyn will ensure that you have the security, certainty, and support to make clear plans for the future. Find out more about the Business Life Plan by calling 0117 906 9400 or email hello@gl.law

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.

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