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Resources

FAQ – Ask the expert

Here you can view a selection of workshop content and case studies. Click on the relevant link to ‘listen to the expert’ or watch our business protection case study.

Frequently asked questions – ask the expert

Professional connections research and development

Q. What is the role of the adviser when developing professional connections for business protection?

Q. Is there a need for business protection regardless of the economic cycle we happen to be in?

Q. In developing professional connections, are there any guidelines or rules around who solicitors and accountants can make referrals to?

Sole traders

Q. If the protection solution for sole traders needs to be personal one, what are the tax and trust considerations?

Q. In what circumstances is a succession plan appropriate for sole traders?

Partnerships

Q. What is a Partnership?

Q. How is the business continuity plan implemented when partners are “key” and what is the tax implication?  

Q. What is “business intestacy” and how does it impact a partnership?

Q. What makes up an effective succession plan solution?

Q. What are the IHT and CGT implications of a succession plan?

Q. What are the IHT and CGT implications of an automatic accrual agreement?  

Q. What is a Limited Liability Partnership (LLP)?

Limited Companies

Q. What is a Limited Company?

Q. What are the rules governing the tax treatment of premiums and policy proceeds for corporate key person policies?  

Q. What is “business intestacy” and how does it impact the shareholders and their dependants?

Q. What are the important elements of an effective succession plan solution?

Q. What is the IHT and CGT status of an effective succession plan?

Q. what are the implications of the company buying back the shares?