ENSURING THE LONGEVITY OF YOUR BUSINESS

In light of current uncertain circumstances, many companies, not only in Malaysia but globally, are facing a looming crisis of dwindling revenue, overstretched credit and even bankruptcies for some.

To allay those fears, it is essential that you should start planning and structuring your assets, liabilities and wealth in order for them to be passed on when the time comes. Sun Life Malaysia CEO Raymond Lew: The DNAs of a resilient business entity includes profit, purpose and legacy planning. This can be a family member who you believe can steer the business as steadfastly as you, or a trusted professional who has for a while commandeered the business in your stead.

For example, putting in-place a buy-sell agreement as it provides your heirs with a lump sum payment for their shares if they are not prepared to take on the business. This ensures the business can continue to run smoothly even when the key person is no longer around.Net worth building “Having adequate insurance protection for key executive members is a stark practice among Malaysian businesses. This should be the number one priority if businesses want to secure their legacy.

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Violating SOPs: 67 factories, business premises, constructions sites ordered to closeKUALA LUMPUR: A total of 67 factories, business premises and construction sites have been ordered to close for failure to adhere to Covid-19 standard operating procedures, said Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob. Close your mouth also.. Talk rubbish no. 1 KerajaanGagal MuhyiddinLetakJawatan These are only the ones that get caught. It’s a shame this crackdown didn’t happen a few months ago. This muthafucka.....keep on harping on taking action against errants factories....why don't just close down for God sake....
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#KitaMalaysia campaign offers business packages to local SMEs | New Straits TimesNSTnation The Covid19pandemic has been shrinking the country's economy as it continuously disrupts business operations, especially for local small-and-medium enterprises (SMEs). KitaMalaysia
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