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Cobalt 1-2-3 of Business
Running From : 07 December 2009 to 31 December 2010
- Will your widow/er be called upon to pay the debts of the business? If you signed surety, chances are very good that this will be the case.
- Who will spend your loan account after your death – Your children or your partner’s children? If you do not at least make provision to recover your loan to your business in the event of death, chances become very slim that you will recover it at all.
- How will your dependants benefit from the value of your shareholding in the event of your death? Your equity is the wealth that you created in your business over your life-time. If your dependants cannot benefit from this wealth, your hard work would have been in vain.
- Do you have a signed buy-and-sell agreement in place and if so, when last was it reviewed?
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