Your Will (Last Will and Testament) can make provision for the ongoing management and continuity of your business should something happen to you. If a business owner were to pass away and no provision were in place, it could mean a lack of financial control and could (worst case) result in the closure of the business.
This sounds scary but we always try to deal with worse case scenarios to ensure our clients have adequate protection in place.
Business owners will write a Business Will to specify who has management responsibilities in the event of their demise. They can also make provision for funding for the future and it avoids uncertainty for family and business staff who might be unsure what happens after a family member, co-worker or shareholder passes away.
There are over 5million small to medium-sized business in Britain and they are the backbone of our society. Sadly, many lack the forethought to make provision should something happen and this could affect the livelihoods of all those directly impacted by the business.
Small businesses with one person, also sometimes known as a micro-organisation are often and obviously reliant on the owner, which means that business operations often require direct owner input.
If this is your business model, the likelihood is that, if you were to die, although your business would pass to your spouse or children, they probably don’t have the requisite skill or knowledge to keep it going.
Creating a Business Will could help your immediate family who may depend on your business as their main source of income. Creating a Business Will with Fortis can help transition the business to the next generation or allow your executors to sell your shares in the business.
Good idea! We can provide the information. If you'd like an informal/no-obligation discussion with one of our experts then contact us below, or call the office. We're on hand to help. Then, if you'd like to proceed, we can talk you through your options and do a full review to help ensure the continuity of your business, protection of loved ones and the future of your enterprise.
The team at Fortis Law see thousands of clients every year and sadly, sometimes, but very rarely a client isn’t entirely satisfied. In the event that you’re not totally satisfied with the service you have received from our team, we would like to hear about it so that we can evaluate matters and improve the service we offer.
Who should you speak to?
If you would like to discuss your complaint with a member of our team, then please contact us on 01543 747010 and ask to speak with Craig Copley. Craig may be able to sort the problem out straight away. If he can’t, he will encourage you to submit a formal complaint.
What is a formal complaint?
We acknowledge that any expression of dissatisfaction deserves looking into and will require a prompt response. If, after speaking to Craig you would like to submit a formal complaint, please put your complaint in writing to Fortis Law, Spear House, Cobbett Road, Burntwood, WS7 3GL for the attention of our Client Care Manager. We would ask that you provide as much information as possible so that we can investigate matters. Please include a case reference, details about what your complaint is, and what you consider to be a satisfactory resolution.
We will send an acknowledgement of your complaint in writing within 14 days. Our Client Care Manager will review matters, and a formal response will be provided with our findings and our suggested resolution with 28 days from receipt of the complaint.
If you are still not satisfied with the outcome of the complaint, you may wish to escalate your complaint to the Directors of Fortis Law. In which instance, a Director will personally look into the nature of your complaint and try their best to resolve it.
If the solution provided by the Director is still not sufficient, you are free to raise your complaint to an independent adjudicator for arbitration.
Last updated: (April 1st 2019)
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Last updated: (1st April 2019)
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