You’ve dreamt of this moment and have reached a decision. You are going to start your own business!
What are some key points you need to consider before you make the big leap?
- How will the business debt be repaid and your family provided for if you were unable to work?
- If you have business partners, do you have a Partnership Agreement in place?
- Do all business partners have Key Person Insurance in place to protect all parties if something unforeseen should happen to either partner?
Addressing these issues before going into business for yourself can protect you and safeguard your assets.
What if you’ve already started a business and hadn’t considered these issues or been too busy to do anything about them? Do not delay! Seek Josh’s advice immediately. It may cost you more than time if you don’t.
Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.
