For succession planning it is important to consider
a) what will happen to a business when one or more partners retire and
b) what happens to the business if one or more key partners passes away unexpectedly. Shares could pass to a dis-interested spouse who wants to sell them.
Careful consideration needs to be given to this type of situation as there are huge potential inheritance tax savings that can be made from setting up an appropriate will or trust in advance .
Who is this for?
This is essential for any directors/owners of businesses whether all from one family or directors that are not related.
This again is bespoke activity. Taxless would work with a close trusted advisor and notify fees in advance of undertaking any work.The initial fact finding consultation would be free of charge.