Overview 

The reality is that many businesses lack planning around business succession. Businesses that lack succession planning often become vulnerable in case of the death, disability or exit of the owner. But there are also other factors that can leave businesses vulnerable because of a lack of planning, for example, the loss of a key person or employee within the business. It is important to treat a business as a “person”, providing it with all the necessary protection it needs in order to continue.

Who shall ensure continuity of your business? Are your partners or fellow shareholders equipped to run or take over your business? Is the next generation simply going to take over? Questions like these are often asked too late by business owners, and the lack of proper business succession planning threatens business continuity.

Join Jothi Chirchoot CFP® and Nevetha Maharaj CFP® on 30 September 2020 from 10:00 a.m. to 12:00 p.m. for the last webinar in the Financially Fit for the Future webinar series as they discuss how to deal with risk in business, both the reality and solutions.

Learning objectives

The key takeaways for attendees:

• How to manage risk in a practice/business.
• What is the reality?
• What are the solutions?
• How do you ensure business continuity in a practice/business?

Content

The webinar will cover the following topics:

• Succession planning: Does your business have a will?
• Do you have the proper business entity in place?
• Debt and saving structures.
• Staff retention.
• Retirement planning for the business.
• Loss of a key person or employee.
• The impact of life’s events on your business.
• Business continuity
• Buy and sell agreements.
• How do buy and sell structures work?
• Buy and sell policies
• Debit and credit loan accounts.
• What is business assurance?

Obtaining your CPD certificate

This webinar is free and does not qualify you for CPD hours.

About the presenter

Nevetha Maharaj

Nevetha Maharaj is employed at Old Mutual as Legal Advisor Specialist Personal Finance. She is responsible for legal advice for the distribution channels (Broker Distribution, Personal Finance and Agency Franchise Distribution) in KwaZulu-Natal, Inland l. She has been employed at Old Mutual for approximately 5 years. Prior to her employment with Old Mutual she was employed at a trust company that was part of a bank and started her career as an Attorney in Practice. She has in excess of 18 years’ experience in the Legal and Financial Services industry.

Nevetha’s current role includes providing verbal and written legal, technical and financial advice (not product advice) to brokers, advisors and client in respect of estate, retirement, business assurance and income tax planning. In addition, she conducts presentations on these topics as well to brokers, advisers and clients. Nevetha has authored articles for Farmers Weekly, De Rebus and Old Mutual’s Premiums and Problems. She is an admitted attorney, conveyancer and notary.

Jothi Chirkoot

Jothi has been employed with Old Mutual as a Legal Advisor Specialist over the last 13 years. Her role involves providing legal advice, reports and opinions to financial advisors in respect of long-term insurance, estate planning, tax planning, pre and post retirement planning, business assurance and succession planning and updating financial advisors on the legal technical aspects relevant to the industry.

Jothi facilitates workshops and legal marketing presentations. She is an admitted attorney and has the following qualifications: BA(Law), LLB, Advanced Post grad diploma in Financial planning and Post grad Diploma in Compliance.

Who should attend?

The following persons will benefit from attending this webinar:

• Professional Accountants including: RA, CA(SA), PA(SA) and BAP(SA);
• Accounting/Bookkeeping Practice owners; and
• Auditing Practice Owners.

Price

This webinar is free.

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.

Additional material

By attending this webinar you will be provided with:

• Summarised slide presentation.
• Reference documents and/or course material where available.
• You can ask questions during the webinar and you will also have access to me the presenter after the webinar.