You’ve built something valuable, a business that’s your pride and joy. Now, you’re ready to hand it over to the right buyer and move on to your next chapter. You’re excited about the possibilities: a lucrative sale, a smooth transition, a well-earned reward. But as you picture potential buyers poking around in your books, a knot forms in your stomach. Â
It is well understood by savvy property investors that holding investment properties in a trust can offer the benefits of asset protection, estate planning and tax efficiency. The next question is whether these benefits extend to the family home. In other words, is it worth holding your family home in a trust?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.
So you own a business and are embarking on divorce! Not a great combination… Find out what issues you are likely to face, and how you can develop an effective strategy to keep it all together.