If you run a business it is important you put plans in place to make sure it continues to trade if the unexpected happened to one of your key personnel.
Could you continue to trade or would you suffer financially if you lost an employee who was important to your business? Would you have the necessary cash flow to replace any loss of profit as a result of them not being there?
Whilst it is a key part in protecting the stability and continuity of the business, too often little or no consideration is given to the succession plans for a business when it comes to transferring its ownership and control to new management.
The law on pensions has changed. Every employer with at least one member of staff now must enrol eligible employees into a workplace pension and contribute towards it.
Employers who do not comply will face enforcement action, which can include fines and/or prosecution.
Our dedicated team can help you be up and running with auto-enrolment with a minimum of hassle using the latest innovative technology.
Many businesses overlook protecting their most important assets: their owners and key people.
The death or illness of a business owner or a key person, can have a huge impact on a companies profitability. In some cases it can even cause a business to fail completely.
Like many other risks you face, there are straightforward ways to protect your business, and we can help you find the right solutions to make the future of your business more secure.
You are the driving force behind your business, so what will happen to it when you leave, retire or die?
Most business owners want the business they have worked hard to establish to continue to thrive whether it is in the hands of a family member or a new owner.
At Vision we can help you build a succession plan to secure the future of your business.