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Family Security
Business Security
Business Succession
We work with
Sole proprietorships
Partnerships
Companies or corporations
Family Security
If you business is
What happens if
These are what happened
Swatow Group closes its 18 Restaurants here.
Sudden move follows death of chains owner in Japan
All 18 restaurants in the Swatow Group, one of largest restaurant chains in Singapore, have been closed in efinitely and 500 jobs are hanging in the balance.
The closure followed the death of the 39-year-old owner of the chain, Mr. Yang Yuan Hua in Japan
about 2 weeks ago
Swatows suppliers, such as those of meat, vegetables and uniforms, went to its Hup Huat Food
Industrial Building head-quarters in Upper Paya Lebar Road to demand payment
.The fate of the restaurant is uncertain (a spokesman said) but noted that Mrs. Yang would try
to get new shareholders and keep those outlets which are profitable. Those which are not would be
sold.
She (Mrs.Yang) is not a good business woman, she is a 100 percent housewife, she doesnt even
know what her husband had.
This is an operation where one man ran everything
The Straits Times, Tuesday, March 3 1992
NEWS
By Julia Goh
It is Real Without Planning
When a Business Owner Dies
Problems created by the death of the Business Owner must be dealt with by the person administering the estate.
Are there ways to
Unlock the value of the Business - for your family?
Protect your Family from Creditors?
Buy time for a Successor to come in gradually?
The Answer is YES
Family Security Planning
If your Business is
Can you envision tussling in the company boardroom to recover your share of the business?
Are you prepared to have strangers to replace your business partners when he fails to turn up in the office?
These may happen
Possible Solution?
By Heirs
No control over incoming partners. Worse if heirs sell business interest to a competitor
By Partners
May lose the expertise of surviving partner
Forced Liquidation
The last resort
Problems with Heirs
Beneficiaries of the Estate of the Deceased Partner
Would the heirs find a fair market value for the inherited business interest?
Does the heirs have the required expertise to run the business
Problems with Surviving Partners
Surviving Partners/Shareholders
Will the surviving partners find the funds to buy off the interest of the business from the heirs at market value?
Can the surviving partner work with the heirs of the deceased partner who may not have the necessary expertise running the business
A Better Solution
Business Security Planning
Business Security
Enables heirs to find a fair market value for inherited business
Provides funds for surviving partner/s to buy off the interest of the business from the heirs at market value
What if
Your Business has an important staff
Key Man
And Your Key Man went outstation to
close a $10,000,000 deal..
.unfortunately, he never made it back
???
Provision For Loss of A Key Man
Would you have lost the Key to your companys success?
The Keyman
Is responsible for a huge portion of the companys income
Steers the direction of the company
Possesses unique skills, know-how, technical knowledge, expertise, experience, qualifications or abilities that are difficult or costly to replace
These may happen
Employees loyalty to company may weaken and they may seek security with competitor companies
Lose market share (difficult to regain once lost)
Lose customers
Lose getting new business opportunities
Debtors might delay payments while creditors press for early repayments resulting in a cash crunch
Banks may reduce or cut away credit lines or press for early repayment of any outstanding loans
Are there ways to
Retain Employees confidence & loyalty to company?
Let Customers confidence remains unaffected?
Maintain the relationship with business associates , creditors and debtors?
Preserve the reputation (brand) of the company?
Minimise disruption to company operations so that growth and expansion can continue?
Ensure a smooth and uninterrupted cash flow to service ongoing bills and liabilities?
Avoid forced liquidation or hostile takeovers?
Are there ways to
Compensate the business for a sudden decrease in sales and revenue in the absence of the keyman?
Provide the fund needed to headhunt, hire, train and integrate the replacement into the business until the business returns to profitability?
Assure the continuity & sustainability of business to retain existing employees (particularly the key staffs), and maintain the confidence of business associates (eg. Suppliers)?
Preserve the existing credit lines from banks/ corporate lenders?
The Answer is YES!
We help Businesses cover
Bank Loans
Debts
Loss of Companys Profits
Operating Costs
using Leveraged Dollars backed by Financial Institute of AA credit rating
The Key Man Protection Timeline
(1) Keyman works for company. Company grows and expands riding on the skills of the Keyman.
(2) Keyman passes away prematurely, becomes critically. ill or becomes totally and permanently disabled
(3) Company plunges into difficulty, sales drop, profits decreases
(4) Search for replacement & training for replacement
(5) Replacement begins work in the company
(6) Operations of company revert to normal.
We can show you how you can
Get the backing of a AA rated Financial Institute
Get leveraged $
Create a Golden handcuff for your precious keyman
Command loyalty instead of demand loyalty from your staff
Secure immediate liquidity in times of disaster
So that you can Focus on
Building your Business
Without worrying about
Someone setting fire to your backyard
Because we install 10 extinguishers
For your business protection
We can design packages to
Suit the different needs of
Co-directors
Management
Staff
We also
Conduct Staff Educational workshops/talks for company
Understanding MediShield Life and its Implications
Comprehensive Financial Protection
etc
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