Buy Sell Agreement (Succession Planning)

What Is Succession Planning?

Its planning on if your business partner falls seriously ill can you pay them out? or in event of death could you imagine yourself in business with their spouse? Its about having a plan.

For Sole Traders/Practitioners

Its a good idea to nominate a 'caretaker' that can look after your business during your absence, short or long. Ensuring the expenses of that person is covered.

Trust/Companies/Partnerships

Buy and sell agreement provide that you can buy an exiting partner's share of the business and also helps you to be sure about who would you business in the event of illness or death of a co-owner.

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