Business Newsletter – November 2023
Welcome to our roundup of the latest business news for our clients. Please contact us if you want to talk about how these updates affect
At some point in your business life, something will go wrong, this could be illness, internal conflicts, or external challenges. Businesses that come through these challenges are ones that have looked into the future and got the right form of legal support and protection in place. If your business has a contingency plan and protection in place, the fire will be put out quickly, so your business and your life continue to flourish. If you don’t have a plan in place, panic and stress will set in and things will begin to go wrong.
Here at Maple Accountancy, we have a range of business protection and legal support services that can help you and your business if anything ever goes wrong. We are expert business accountants and have helped businesses of all sizes from a variety of sectors protect their business and prepare for the unexpected.
Shareholder insurance protects a business if one of its shareholders is critically ill, diagnosed with a terminal illness, or dies. With shareholder insurance, the remaining business owners will receive a sum of money which can be used to help buy the shareholder’s interest in the business.
Keyman Insurance helps safeguard your business against the financial effects of death, critical illness, or terminal illness of a key person whose skills, knowledge, experience, or leadership is important to the continued success of the business. This is a life insurance policy for the life of a key person but owned by the business, to ensure if anything does happen to this person, your business is protected against the financial loss it would suffer.
Business lasting power of attorney allows a business owner to appoint a suitable representative to act on their behalf and make decisions concerning their business interest if they are unavailable or lack the mental capacity to do so.
A shareholders’ agreement is an agreement between all or some of the shareholders in a company that regulates the relationship between the shareholders, the management of the company, ownership of the shares, and the protection of the shareholders. Shareholder agreements are often used to protect shareholders if anything goes wrong, and Maple Accountancy can help you draw up and implement one that works for your business.
A Directors Agreement sets out the various rights and obligations that arise as a result of appointing a director. Our expert business advisors can help you draw up directors’ agreements to help protect businesses and directors in situations of dispute or disagreements.
Asset protection protects a person’s or business’s assets from creditor claims. Individuals and businesses use asset protection strategies to limit creditors access to certain valuable assets legally, which guards their wealth against taxation, seizure or other losses.
Our expert business accountants can help you to decide the best way to structure your business and discuss the benefits of each type of structure. Maple Accountancy can help you change the structure of your business and even contact HM Revenue & Customs to obtain the necessary clearances to ensure you avoid any surprise tax charges.
Maple can help you devise an exit strategy or succession plan that will help your business to continue to operate effectively if an owner, director, or manager decides to step away or leave suddenly through death or illness. A succession plan identifies who will take over the company and when, and outlines the measures in place to ensure the successor is ready to take over, whilst an exit strategy outlines how the business will be transferred to another third party such as an acquirer.
At Maple Accountancy, we understand that every business is different, so we tailor our services to your specific requirements and individual needs. We are a team of expert business advisors and accountants with many years of experience helping businesses from a range of sectors plan for the unexpected with our business protection and legal support services. Our expert accountants and tax advisors are ready and waiting to offer you support.
When you choose Maple, you will get a dedicated business protection and legal support expert who will work closely alongside you and develop a deep understanding of your business so they can offer fully informed advice to suit your specific needs. They will be easily contactable and on hand to help you whenever you need them. We understand choosing an accountant for your business can be a difficult decision, that’s why we offer a free, no-obligation consultation with a member of our team to help answer any of your questions, so you can see if we are the right fit for you and your business. Contact us today to arrange your free consultation.
Contact a member of our team using the form and we’ll be in touch to discuss how we can help you.
Welcome to our roundup of the latest business news for our clients. Please contact us if you want to talk about how these updates affect
Welcome to our roundup of the latest business news for our clients. Please contact us if you want to talk about how these updates affect
Your business continuity plan (BCP) is a practical guide for you and your team designed to help your business survive and quickly recover from a
Maple Accountancy is a firm of expert Business Advisors offering accountancy services, tax and business advice to owner-managed and family-owned businesses.
All clients are individual, and we tailor our service to your needs. Use the site to find out what makes us different and understand why you should appoint us.
Head Office
83 Friar Gate, Derby, DE1 1FL
01332 207336
Birmingham
3 Brindley Place, Birmingham, B1 2JB
0121 769 2197
Manchester & Leeds Chancery Place
50 Brown Street, Manchester, M2 2JG
0113 418 2078
London
1 Giltspur Street, London, EC1A 9DD
020 7127 0649
