A business you've nurtured over the years is a precious gift to pass on. Have you given some thought to what will happen to the business you have built, if you were to die of become incapacitated? We work with business owners to set in place plans for the future. That might include a commercial LPA in case you are incapacitated, inheritance tax planning, or a John Lewis style Trust. Having an appropriate Will in place is vital.
The founder and 100%-owner of the Richer Sounds hi-fi and television stores is putting ownership of the business in a John Lewis-style employee trust