Business succession planning: Why buy-and-sell cover could be a lifesaver

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

[NEW EPISODE] On the latest episode of MoneySavvy podcast with BoitumeloNtsoko: DevonCard of crueinvest discusses how this insurance works, what should be included in agreements and tax implications. Download the Episode below. Moneyweb Investing

Devon Card Profile Follow Mail The death or disability of a business co-owner can have serious consequences for your business’s ongoing operational ability, making business succession planning an essential component of any company’s future planning. In this article, we provide comprehensive answers to often-asked questions about buy-and-sell agreements.

Being funded by a life policy that pays out on the death of a shareholder means that the funds will be readily available to conclude the share sale transaction quickly. How does it impact one’s estate planning? In terms of the Estate Duty Act, the proceeds of all domestic policies paid to a deceased estate will be considered deemed property and therefore subject to estate duty.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 5. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें