{"id":20520,"date":"2019-06-30T12:39:07","date_gmt":"2019-06-30T12:39:07","guid":{"rendered":"https:\/\/undsgn.com\/uncode\/?p=20520"},"modified":"2023-10-23T17:18:33","modified_gmt":"2023-10-23T17:18:33","slug":"sme-succession-retirement-planning","status":"publish","type":"post","link":"https:\/\/mcgleenan.com\/sme-succession-retirement-planning\/","title":{"rendered":"SME Succession &#038; Retirement Planning"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]We recently completed an assignment for a family owned SME that had been through the first retirement of a Director \/ Shareholder leaving two younger brothers to run the firm.<\/p>\n<p>&nbsp;<\/p>\n<p>In tandem with the Co\u2019s long-standing Life &amp; Pensions Broker, we lead the work to update the planning for the next generation as follows:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Carried out a valuation of the Co\u2019s shares.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Agreed a new Shareholders Agreement to cover the rights &amp; obligations that are not covered under Co Law, but are essential to have in place.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Agreed in advance the elements for a future share buy-back to act in conjunction with Co-Director\u2019s Life Policies paid for by the Co, while ensuring the Director\u2019s wills were suitably aligned with the Co\u2019s contingency plans.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>\u00a0Arranged put &amp; call options to facilitate the necessary estate planning required so the business will continue operating without any financial burdens.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>This \u201cjoined up\u201d approach to family owned SME\u2019s, ensures clients proactively tackle the hard decisions, that ultimately free up the Director\u2019s time to concentrate on developing the business.<\/p>\n<p>&nbsp;<\/p>\n<p>Not addressing important long-term issues can so easily end up causing great personal &amp; financial hardship, when in fact the alternative is not that hard to do, once you have a trusted financial advisor like McGleenan &amp; Co at your side.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]We recently completed an assignment for a family owned SME that had been through the first retirement of a Director [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":81206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SME Succession &amp; Retirement Planning - McGleenan &amp; Co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcgleenan.com\/sme-succession-retirement-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SME Succession &amp; 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