Personal Liability Plan – When you have signed Surety

All businesses incur liabilities and often require credit or financing from financial institutions. It is a standard practice for creditors to request that a business owner or director signs as surety or personal guarantor for the business’s financial obligations to them. This means that the surety becomes personally liable for the business’s debts. If the surety dies or becomes disabled, the creditors could look to his/her personal estate for settlement…

Buy and Sell agreements – Partnerships

A buy and sell arrangement, supported by a buy and sell agreement and life insurance, will ensure that on the death of a business owner, the business can continue to operate with as little disruption as possible for the surviving business owner/s, as well as ensuring that the estate of the deceased business owner receives fair value for his/her business interest, as well as settlement of his credit loan account.…

Protecting your income and your business

You wouldn’t drive your new car out of the showroom without first insuring it. Nor would you go on holiday without first ensuring you are properly covered in the event of a burglary or other disaster. But when it comes to protecting our income, there are many who simply shrug their shoulders and say: “it’ll never happen to me”. Is that a risk you want to take? Consider, for a…