Every business owner needs a business will – before it’s too late!
Most entrepreneurs plan for growth, but what happens if you’re suddenly unable to run your business?
If you don’t have a Business Will, your company could face chaos, legal battles, or even forced liquidation. Don’t leave your legacy to chance!
What Is a Business Will?
A Business Will is a legally documented plan that outlines how your company should be managed, transferred, or dissolved in case of death, disability, or incapacity. It ensures continuity, minimizes disruptions, and protects your hard-earned business assets.
What Should It Include?
- Successor appointments – who will take over the business?
- Ownership transfer Details – who inherits shares or assets?
- Financial provisions – how will debts, taxes, and cash flow be handled?
- Legal instructions – power of attorney, executor roles, and governance.
- Emergency management plan – who keeps things running short-term?
Why every business owner needs one now
- Ensures business continuity – prevents disruption and keeps operations running smoothly.
- Reduces legal complications – avoids ugly disputes among family members, partners, or stakeholders.
- Protects financial stability – outlines how debts, taxes, and financial obligations will be managed.
- Minimizes estate taxes & legal fees – smart planning reduces tax burdens on successors.
- Clarifies leadership succession – states exactly who takes control: family, partners, or a third party.\
- Prevents forced liquidation – without a business will, legal battles can force an unwanted shutdown.
- Secures employee & client confidence – reassures employees and customers that the business will continue.
- Simplifies crisis decision-making – provides clear instructions to reduce confusion and delays.
The hard truth
80% of business owners have no succession plan in place. That’s a financial disaster waiting to happen!
Don’t be one of them. A Business will isn’t just paperwork—it’s your insurance policy for your business legacy.
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2