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Company and Business Succession Planning

Posted on May 16, 2013 in News

Company and Business Succession Planning

While most ensure they have properly prepared Wills, Powers of Attorney and Enduring Guardianships in place, little thought is given to consequences where the owner/manager of a business is unable to run the business as a consequence of incapacity or death. There are some basic issues which should be addressed:  Alternate directors should be appointed who may stand in for directors who cannot attend meetings.  The alternate director could be a spouse, the executor you have appointed in your Will or maybe some close business associate. A company should appoint an Attorney under Power of...

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