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TLDR: What Happens to Your Business the Day You Die

by johnireland | Estate Planning Essentials

When a business owner dies, practical problems start immediately, long before probate is granted. A sole trader’s bank account, or any account in a personal name, is frozen the moment the bank hears of the death, stopping payments to staff and suppliers...

What Happens to Your Business the Day You Die: Bank Accounts, Payroll and Contracts

by johnireland | Articles

Most business owners have thought about who gets the shares if something happens to them. Far fewer have thought about what happens on the Monday morning after. Who can pay the wages? Who can sign the cheques? Can the business even trade while probate is sorted out?...

TLDR: Employee Ownership Trusts: A Third Way to Sell Your Business

by johnireland | Business Builder

An Employee Ownership Trust (EOT) is a third succession route alongside a trade sale or passing the business to family. You sell your shares to a trust that holds a controlling stake for employees generally, usually paid in instalments rather than a lump sum. Where...

Employee Ownership Trusts: A Third Way to Sell Your Business

by johnireland | Articles

Most business owners planning their exit think in terms of two roads: sell to a trade buyer, or hand the business down to the next generation. There is a third option that has quietly become one of the most tax-efficient ways to step back from a company you have...

Book Review: Traction by Gino Wickman – What EOS Can Teach UK Business Owners About Succession

by johnireland | Articles

Most business owners run the business. Few build a business that can run without them. That is the uncomfortable truth sitting underneath Gino Wickman’s Traction: Get a Grip on Your Business, one of the most widely read management books of the last decade and...
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About Us

With over 25 years of experience in Estate Planning and three decades in Independent Financial Advisory (IFA), our team brings extensive expertise to the table…

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