APPLICATION FORM BUSINESS SUCCESSION AGREEMENT SELF FUNDED
|
|
- Shannon Harrison
- 7 years ago
- Views:
Transcription
1 APPLICATION FORM BUSINESS SUCCESSION AGREEMENT SELF FUNDED Please read the following before completing the application form. Business owners should integrate the success of their business with the plans which will ensure the financial security and future of the business by planning for circumstances where a key individual in the business dies or suffers a significant disability which prevents them continuing in the business. Business succession agreements document those plans. Business succession cannot be done in a vacuum. It must be done in the context of overall financial planning for business owners. The business succession agreement documents the framework on which succession planning is carried out. The checklist outlines issues which business owners should consider when undertaking succession planning. In particular, it is important to consider: 1. how and if the business can be passed onto the remaining business owners or the estate or legal personal representative of an outgoing owner; 2. planning for the entry and exits of business owners and increases and growth in business; 3. contingency planning and ownership transitions in the event of death or permanent disability; 4. tax consequences and planning; 5. family law considerations and planning; 6. other documents which address the rights and obligations of the business owners (e.g. shareholders agreement); 7. ability to fund exits of key owners. By completing and submitting the Application you confirm as follows: 1. you have considered the items listed in the checklist; 2. the information provided is correct. If you have any questions about completing the application form please contact: Christopher Davis Anthea Faherty Principal Senior Associate Phone: (07) Phone: (07) cdavis@mcw.com.au afaherty@mcw.com.au McInnes Wilson Lawyers Pty Ltd ABN Page 1 of 10
2 CHECKLIST The following matters ideally should be considered when preparing a Buy Sell Agreement for business succession purposes: 1. Do you have details of all the relevant individuals involved in the business, together with details of their related entities who own the business interests 2. Are there existing Agreements covering the ownership of the business interests which may impose restriction on the transfer of ownership? These may include company constitutions, trust deeds, shareholders agreements, unitholders agreements, partnership agreements and existing buy sell agreements 3. Are the premises from which the business operates owned by some or all of the business owners? Are their interests in the premises also to be covered by the Buy Sell Agreement? 4. What triggering events are to be covered? Death Total and Permanent Disablement Trauma 5. How are the buyouts to be funded? Insurance 6. What is the valuation approach to be used for a trigger event? 7. How often will the parties review the value of the business and relevant insurance policies? 8. Who is responsible for obtaining and maintaining insurance coverage Third party borrowing Related party borrowing Sale to third party Independent valuation at trigger event date Formula or agreed methodology Fixed value agreed by parties Valuation equals insurance proceeds A combination of the above Each year Every second year Every third year The Business Each relevant individual and their related entity 9. Who is responsible for paying for insurance premiums? The Business Each relevant individual and the related entity McInnes Wilson Lawyers Pty Ltd ABN Page 2 of 10
3 10. If there is a shortfall between the valuation and the insurance proceeds, what are the terms of repayment of the shortfall. 11. Who is responsible for procuring the release of any guarantees provided by the outgoing principal or its related entity? 12. If trauma is a triggering event, how long does the trauma sufferer have to return to the business? 13. If there are no insurance proceeds, how will the agreement operate? 14. If the sale proceeds where there are no insurance proceeds, what are the terms of the sale? 15. If there are excess proceeds, who will be entitled to the proceeds or how will be they be applied? When is the shortfall payable: At completion of the transfer of the interest in the business/entity By instalments Period of repayment of instalments: years Is there to be any penalty applied if the shortfall is due to a breach of the terms of the agreement? Is interest payable? Interest rate: % How is interest calculated? Compounded Simple Is the repayment to be secured? The Business / the continuing principals The outgoing principal, its executors and any related entity 3 / 6 / 12 months? Only the remaining principals will have the option to buy (the outgoing principal do not have the option to force the buyout) change from the normal arrangement any principal can force the sale to proceed Same as if there are proceeds Period of repayment of instalments: years Is there to be any penalty applied if the lack of insurance proceeds is due to a breach of the terms of the agreement? Is interest payable? Interest rate: % How is interest calculated? Is the repayment to be secured? Retained by the business for the paying down of debt, then the balance to the outgoing principal Retained by the business Retained by the outgoing principal McInnes Wilson Lawyers Pty Ltd ABN Page 3 of 10
4 APPLICATION FORM Please ensure you complete all details below, and contact us with any questions you have prior to submitting the form. AGENT/ PURCHASER S DETAILS First name Surname Name of firm (if applicable) Telephone Fax address Street Address Suburb/City State Postcode Postal Address (if different from above) Suburb/City State Postcode INFORMATION REQUIRED/ TO BE CONFIRMED / TO BE PROVIDED 1. Any constitution, trust deed or other establishing document 2. The balance sheet/ financials of the business have been included with the application form. 3. Product disclosure statements, terms and conditions and insurance certificates for each of the policies of the principals 4. Copy of any stakeholder agreement (i.e. shareholders agreement, unitholders agreement, partnership agreements etc) 5. Copy of a valuation of the business or report or correspondence outlining the value of the business and how this was calculated McInnes Wilson Lawyers Pty Ltd ABN Page 4 of 10
5 BUSINESS DETAILS AND STRUCTURE Business Name: Business number: Street Address: State Postcode Postal Address: State Postcode Structure of the Business Private Company Unit Partnership Public Company Nature of the Business/ description of the business (industry, speciality, etc) Value of the Business and details of value Was the business valued by a valuer or accountant? If so, has the valuation been provided? Has the balance sheet or financials of the business been provided Direct ownership Is there any debt in the business Is the debt to be funded out of the insurance proceeds Related Entities Are there any related entities or holding companies which should be included in the agreement? If so, please provided the details of the entity (Name, ABN, ACN, ARBN etc) Name ACN/ ABN DETAILS OF TRIGGER EVENTS 1. If a principal was severely injured or ill and could not return to the business for a period of time (Trauma). 2. If a principal was totally and permanently disabled and could not return to the business (TPD). 3. If a principal dies. McInnes Wilson Lawyers Pty Ltd ABN Page 5 of 10
6 BUSINESS OWNERSHIP / DETAILS Director 1/ Principal 1 Full name Name of related entity (If applicable) ACN/ ABN/ ARBN Structure of the interestholder Discretionary / Family Self owned Company/ corporate trustee Unit Hybrid Interestholding details Percentage Interest % Date of acquisition Class of interest held Number of interests held Has the principal or its related entity granted an interest in its interest in the business? If so, provide details Estimated value of the interest $ Paid up capital amount $ Insurance Policy details Annual premium $ $ $ Insurance covers Death Total permanent disability Trauma Income protection Amount of coverage Death $ Income protection $ Trauma $ Total permanent disability $ Has the Principal given any personal guarantees that might need to be released? Details of Entities which have personal guarantees: McInnes Wilson Lawyers Pty Ltd ABN Page 6 of 10
7 BUSINESS OWNERSHIP / DETAILS Director 2/ Principal 2 Full name Name of related entity (If applicable) ACN/ ABN/ ARBN Structure of the interestholder Discretionary / Family Self owned Company/ corporate trustee Unit Hybrid Interestholding details Percentage Interest % Date of acquisition Class of interest held Number of interests held Has the principal or its related entity granted an interest in its interest in the business? If so, provide details Estimated value of the interest $ Paid up capital amount $ Insurance Policy details Annual premium $ $ $ Insurance covers Death Total permanent disability Trauma Income protection Amount of coverage Death $ Income protection $ Trauma $ Total permanent disability $ Has the Principal given any personal guarantees that might need to be released? Details of Entities which have personal guarantees: McInnes Wilson Lawyers Pty Ltd ABN Page 7 of 10
8 BUSINESS OWNERSHIP / DETAILS Director 3/ Principal 3 (if any) Full name Name of related entity (If applicable) ACN/ ABN/ ARBN Structure of the interestholder Discretionary / Family Self owned Company/ corporate trustee Unit Hybrid Interestholding details Percentage Interest % Date of acquisition Class of interest held Number of interests held Has the principal or its related entity granted an interest in its interest in the business? If so, provide details Estimated value of the interest $ Paid up capital amount $ Insurance Policy details Annual premium $ $ $ Insurance covers Death Total permanent disability Trauma Income protection Amount of coverage Death $ Income protection $ Trauma $ Total permanent disability $ Has the Principal given any personal guarantees that might need to be released? Details of Entities which have personal guarantees: McInnes Wilson Lawyers Pty Ltd ABN Page 8 of 10
9 BUSINESS OWNERSHIP / DETAILS Director 4/ Principal 4 (if any) Full name Name of related entity (If applicable) ACN/ ABN/ ARBN Structure of the interestholder Discretionary / Family Self owned Company/ corporate trustee Unit Hybrid Interestholding details Percentage Interest % Date of acquisition Class of interest held Number of interests held Has the principal or its related entity granted an interest in its interest in the business? If so, provide details Estimated value of the interest $ Paid up capital amount $ Insurance Policy details Annual premium $ $ $ Insurance covers Death Total permanent disability Trauma Income protection Amount of coverage Death $ Income protection $ Trauma $ Total permanent disability $ Has the Principal given any personal guarantees that might need to be released? Details of Entities which have personal guarantees: McInnes Wilson Lawyers Pty Ltd ABN Page 9 of 10
10 DEBTS & PERSONAL GUARANTEES OF THE BUSINESS AND THE PRINCIPALS Loans CURRENT DEBT INTEREST RATE FINANCIAL PROVIDER TERM GUARANTEES Lines of credit/ Overdraft Creditors Shareholder/ director/ principal loans Total RETURNING THIS FORM After completing this form please either: print, sign, and fax it to McInnes Wilson Lawyers at (07) ; or print, sign, scan, and it to McInnes Wilson Lawyers at or check the confirmation box below and the form to McInnes Wilson Lawyers at To print this form for signing click here: PRINT To this form to McInnes Wilson Lawyers, after confirming instructions below, click here: SUBMIT McInnes Wilson Lawyers Pty Ltd ABN Page 10 of 10
Business Succession Planning
Business Succession Planning Khanh-Vy Ho Regional Sales Manager Business People...are just people 2 When does a business partnership end? Death Disablement Illness Boredom Retirement Performance Loss of
More informationProtect Your Business with Key Person Insurance
Protect your business and insure your key people Chick St Clair & Partners Pty Ltd, ABN (29 110 058 618), is a Corporate Authorised Representative (CAR No. : 313611) of The Advice Exchange Pty Ltd (ABN
More informationInsurance. Buy/sell insurance and policy ownership Due to the CGT implications for TPD and trauma insurance policy
29 Alex Koodrin, National Technical Manager CommInsure Alex joined CommInsure s technical team in January 2006. Prior to that, he was a risk and investment BDM with CommInsure for 4 years. Alex started
More informationUnderstanding Business Insurance
Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to business insurance.
More informationRecommended for review. Understanding Business Insurance. Understanding Investment Concepts
Recommended for review o Understanding Business Insurance Understanding Investment Concepts Page 1 Understanding Business Insurance Version 1.0 Preparation Date: 1 st July 2009 This document has been published
More informationUnderstanding business insurance
Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published
More informationUnderstanding Business Insurance
Level 7,34 Charles St Parramatta Parramatt NSW 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Guide Build Protect Manage Wealth Understanding Business
More informationA Financial Planning Technical Guide
Insurance and Estate Planning A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents Introduction 1 General insurance 1 Private health insurance
More informationAustralian Finance Centre Pty Ltd FACT FIND SHEET
Australian Finance Centre Pty Ltd Australian Credit License 390436 Prepared by : Andrew Salsbury Date prepared: Phone : (07) 556357227 Fax : 1300 905379 Email: andrew@australianfinancecentre.com.au ABN
More informationInsurance and estate planning. A Financial Planning Technical Guide
Insurance and estate planning A Financial Planning Technical Guide 2 Insurance and estate planning Introduction 4 General insurance 4 Private health insurance 4 Personal insurance 5 Business insurance
More informationcovers the cost of losing an important person from the business
October 2006 Tech update This month... We discuss the purposes of key person and buy/sell arrangements. We also explain when a business may use insurance for these arrangements. The risk of not planning
More information"The Choice is Elementary"
"The Choice is Elementary" ROTECTING YOUR BUSINESS Business Insurance Why you can t wait No one wants to think about the what if s but if you are a partner in a successful business, the what if s can t
More informationSMSF gearing package. multiport.com.au. Issued 7 July 2014 Multiport Pty Ltd ABN 76 097 695 988 AFS Licence No. 291195
SMSF gearing package multiport.com.au Issued 7 July 2014 Multiport Pty Ltd ABN 76 097 695 988 AFS Licence No. 291195 Contents Multiport s SMSF gearing package 1 An exciting new opportunity 2 How does it
More informationApplication for increases without further medical evidence
MLC Insurance MLC Insurance (Super) Application for increases without further medical evidence Policy number(s) Name of Life Insured This form allows the Income Protection, Life Cover, Total and Permanent
More informationProtection for business owners. May 2014
Protection for business owners May 2014 Contents The importance of protection 2 Insurance policies explained 3 1. Protecting your business revenue against the permanent loss of a key person 4 2. Protecting
More informationCOMMERCIAL MORTGAGE LOAN APPLICATION FORM
COMMERCIAL MORTGAGE LOAN APPLICATION FORM CORPORATE BORROWER Company Name: A.C.N. Registered Principal Activity: Name of Trust (if applicable) Postcode: of Incorporation: PERSONAL PARTICULARS OF ALL DIRECTORS/SHAREHOLDERS/BENEFICIARIES
More informationGuide to business insurance.
Guide to business insurance. 1 Important information This document has been prepared by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809, AFSL 235035 (CMLA). CommInsure is a registered
More informationASSET FINANCE APPLICATION.
ASSET FINANCE APPLICATION. For all enquiries please contact us on 1300 658 108 Mon to Fri 9am-5pm (Melbourne time) or email us at business@mebank.com.au Visit mebank.com.au Please complete this form and
More informationbusiness loan and overdraft application
business loan and overdraft application Dnister Ukrainian Credit Co-operative Ltd ABN 59 087 651 394 AFSL / Australian Credit Licence 240673 BSB 704 235 Head Office : 912 Mt Alexander Road, Essendon VIC
More informationProposed Information Statement Reverse Mortgage. Things you should know about your reverse mortgage
Page 1 of 7 Proposed Information Statement Reverse Mortgage Things you should know about your reverse mortgage This statement is provided to you because reverse mortgages operate differently to other credit
More informationA Corporate Insured Stock Redemption Disability Buy-Sell Plan
A Corporate Insured Stock Redemption Disability Buy-Sell Plan A business owner s disability can have some very real practical consequences leading to problems for the owner, the owner's family, and for
More informationwww.errolseminars.mobi 1
Errol Gottfried Meyer CFP Professional, Admitted Advocate of the High Court, Master Tax Practitioner (SA) www.errolseminars.mobi 1 Borrow money Shareholder A Keyman Company Buy and sell agreement Borrow
More informationProtect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances
Protect your family ClearView LifeSolutions Life Cover, Trauma Cover and other tailored insurances Insurances to meet your needs Defence Health has partnered with ClearView to provide an extensive range
More informationTHE SUPER BRIEF. UPDATE!!!! ATO knocks back use of SMSF s to fund Buy/ Sell Agreement Life Insurance NEWSLETTER. page 1. ISSUE - October 2014
ISSUE - October 2014 THE SUPER BRIEF UPDATE!!!! ATO knocks back use of SMSF s to fund Buy/ Sell Agreement Life Insurance Clients often use an SMSF to hold life insurance when setting up a Buy Sell Agreement
More informationGuide to business insurance
Guide to business insurance Important information This document has been prepared by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809, AFSL 235035 (CMLA). CommInsure is a registered
More informationPOLICY OWNERSHIP CALCULATOR
POLICY OWNERSHIP CALCULATOR COMPLETE SUCCESSION POLICY OWNERSHIP CALCULATOR Name of A. DEATH TPD TRAUMA NOTES Funds 100% of Preagreed ASSETS LIABILITIES PERSONAL Accounting Fees Bank Debt Loan Account
More informationBusiness succession insurance ownership Fact Sheet - October 2014
Business succession insurance ownership Fact Sheet - October 2014 When creating a life insurance solution for clients there needs to be a recommendation of the correct amount and type of insurance cover.
More informationReverse Mortgage. That s what we re here for. Financial freedom to do the things you ve always wanted. Here for good.
Reverse Mortgage Financial freedom to do the things you ve always wanted That s what we re here for. Here for good. Contents 2 The freedom of a Reverse Mortgage 3 Product overview 4 About Reverse Mortgages
More informationBUSINESS LOAN APPLICATION FORM.
BUSINESS LOAN APPLICATION FORM. For any enquiries contact us on 1300 658 108 Mon to Fri 9am-5pm (AEST/AEDT) Mail to New Accounts - Business Banking, ME Bank, Reply Paid 1345, Melbourne, Victoria 8060.
More informationKey person insurance 2007/2008
Key person insurance 2007/2008 Adviser use only Important Information This guide has been published by MLC Limited (ABN 90 000 000 402, AFSL 230694) 105-153 Miller Street, North Sydney, NSW 2060. The guide
More informationFRANCHISE APPLICATION FORM please boxes where indicated * Please note, any of the questions marked with an asterisk are optional
FRANCHISE APPLICATION FORM please boxes where indicated * Please note, any of the questions marked with an asterisk are optional PERSONAL DETAILS: Title: Given name: Surname: Email: Fax: Mobile: HOME ADDRESS:
More informationInsurance for business
Insurance for business This advice has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider the appropriateness
More informationA PLAN FOR EVERY BUSINESS.
BUSINESS PROTECTION GUIDE TO THE RIGHT SOLUTION A PLAN FOR EVERY BUSINESS. With 99.9% of the UK s businesses being SMEs and more than half of these having no protection in place, there s an opportunity
More informationWhy would you want to consider insurance? We pay claims
SMSF Plan CommInsure s SMSF Plan is a customised, easy to use product designed to offer SIS-aligned cover to SMSF trustees. This has the potential to reduce the compliance burden on trustees when selecting
More informationWealth protection for Australian Small and Medium Business Owners
Wealth protection for Australian Small and Medium Business Owners Unexpected issues In business life, as in daily life, unexpected issues can and do occur. Business owners can be temporarily or permanently
More informationIncludes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.
Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. WHAT IS INSURANCE? It s simply the transference of a risk from yourself to the Insurer. By paying the
More informationborrow Want to in your SMSF?
borrow Want to to buy property in your SMSF? A Self Managed Super Fund (SMSF) gives you investment flexibility. Some typical investment options for SMSFs include term deposits, direct shares, and managed
More informationHow Business Owners Can Legally Protect Their Business and Personal Assets
How Business Owners Can Legally Protect Their Business and Personal Assets By Dino Di Rosa, Di Rosa Lawyers P a g e 1 Introduction 1. For every business owner it is critical to look at ways they can protect
More informationImportant information:
SMSF insurance Important information: This document has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA).
More informationA Guide to Managing Personal Risk
A Guide to Managing Personal Risk 1 A Guide to Managing Personal Risk Personal Risk is about more than just the Life Cover/ TPD attached to your super policy which is paid out on the event of your death.
More informationThe NTAA s Guide to a Unit Trust
The NTAA s Guide to a Unit Trust National Tax & Accountants Association Ltd 2012 Disclaimer These notes are intended to be a guide only. You should not act solely on the basis of the information contained
More informationAPPLICATION for ASSISTANCE DISASTER RELIEF LOAN SMALL BUSINESS CHECK LIST
APPLICATION for ASSISTANCE DISASTER RELIEF LOAN SMALL BUSINESS CHECK LIST To avoid any delay in the processing of your application, please complete the following checklist. Have you included: The last
More informationApplication For LEASE / HIRE PURCHASE / RENTALS / CHATTEL MORTGAGE
Application For LEASE / HIRE PURCHASE / RENTALS / CHATTEL MORTGAGE FACILITY TYPE Lease Rental Sale & Lease/Hire Back CHP Chattel Other: GCC FullDoc Full financials required. Last 2 years
More informationUnderstanding Insurance
Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. Important
More informationInsurance delivering peace of mind. Your guide to insurance at Plum
Insurance delivering peace of mind Your guide to insurance at Plum Contents Why insurance matters 2 Types of cover 4 What s right for me? 7 1 Safeguarding you and your family Life is unpredictable. From
More informationAusWise Finance Pty Ltd
APPLICATION CHECK LIST DETAILS OF ATTACHED DOCUMENTS YES NO COMPLETED APPLICATION FORM? DECLARATION AS TO PURPOSE OF CREDIT COMPLETED & ATTACHED? AUTHORITY TO RELEASE INFORMATION COMPLETED & ATTACHED?
More informationIT S MORTGAGE REVERSE A SIGN OF THE TIMES
IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.
More informationIndividual insurance transfer
AON MASTER TRUST Individual insurance transfer Use this form if you are a current member or joining the Aon Master Trust as a new member and you wish to transfer your current insurance cover with another
More informationMortgage Fact Find. This Fact Find is for use when offering Mortgage Products. It does not cover Regulated Investment Products.
Adviser / Consultant Name Client Reference of Fact Find Applicant Details Joint Application Title Male Female Male Female Surname First Name(s) Previous Name(s) Nationality of Birth (dd/mm/yyyy) Marital
More informationDeferred Payments. Information for people moving into residential care who own a property
Deferred Payments Information for people moving into residential care who own a property Deferred Payments The Deferred Payment Scheme is designed to help you if you have been assessed as having to pay
More informationLantern Finance Pty Ltd
COMPLETED APPLICATION FORM? APPLICATION CHECK LIST DETAILS OF ATTACHED DOCUMENTS YES NO DECLARATION AS TO PURPOSE OF CREDIT COMPLETED & ATTACHED? AUTHORITY TO RELEASE INFORMATION COMPLETED & ATTACHED?
More informationIT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist
IT S A SIGN OF THE TIMES LIFETIME LOAN AUSTRALIAN SENIORS FINANCE The Home Equity Release Specialist UNLOCK THE IN YOUR EQUITY HOME If you want the financial freedom to spend your retirement how you choose,
More informationRisk applications for business owners
Last updated: 1 January 2011 Risk applications for business owners Many business owners have insurance cover against damage to physical business assets and professional indemnity insurance. However, for
More informationYour insurance options with Prime Super (Prime division)
FACT SHEET Your insurance options with Prime Super (Prime division) Now incorporating 1 May 2014 If something were to unexpectedly go wrong, life insurance is a vital safety net to protect your loved ones.
More informationBusiness Loan Application Form
Business Loan Application Form For all enquiries contact 1300 658 108 Mail to New Accounts - Business Banking, ME Bank, Reply Paid 1345, Melbourne VIC 8060 Visit mebank.com.au Section 1 Applicant Details
More informationSHORT TERM LOAN APPLICATION FORM
ACN 150 013 513 Australia s Fastest National Caveat Loan Lender Tel: (03) 9017 6611 Fax: (03) 8648 6328 Email: apply@homesec.com.au Web: www.homesec.com.au SHORT TERM LOAN APPLICATION FORM BORROWERS COMPANY
More informationA Financial Planning Technical Guide
Self Managed Superannuation Funds A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents What is a self managed superannuation fund (SMSF)? 1 What
More informationFor advisers only. Not for use with customers Friends Life Protect+ Business Protection Technical Guide
For advisers only. Not for use with customers Friends Life Protect+ Business Protection Technical Guide Contents Introduction 03 Key Person Protection 04 What is Key Person Protection? 04 Identifying the
More informationHome Loan Application
Broker Group: Broker Name/Personal Banker: Broker Number: Application Number: Home Loan Application 1. Loan details Tell us which loan product you re after: Low Cost Home Loan Fixed Rate Home Loan Qantas
More informationBusiness succession planning
KEY GUIDE Business succession planning When disaster strikes What happens to a business if its owner or co-owner dies or falls seriously ill? Much will depend on the type of business sole trader, partnership
More informationGuide to trusts and being a trustee
Contents P3 P4 P5 Fast facts Could you use a trust? What are the benefits? P10 What trusts do we offer? P10 The split trust P10 The gift trust P10 The probate trust P10 Trusts for joint life policies P11
More informationYour death and disability benefits (Personal Members)
Rio Tinto Staff Superannuation Fund Guide 7 Your death and disability benefits (Personal Members) The information in this document forms part of the following Product Disclosure Statements for the Rio
More informationInternational Portfolio Bond for Wrap Key Features
International Portfolio Bond for Wrap Key Features This is an important document. Please read it and keep it along with the enclosed personal illustration for future reference. The Financial Conduct Authority
More informationKEEPING YOU ON COURSE. Business Protection. corporate co-director insurance
KEEPING YOU ON COURSE Business Protection corporate co-director insurance You can remain in control even when the unexpected strikes. Introduction On death the shares of a deceased director form part of
More informationBT Protection Plans. Product Disclosure Statement and Policy Document (PDS)
BT Protection Plans Product Disclosure Statement and Policy Document (PDS) Dated 19 May 2014 Who s responsible for BT Protection Plans The Insurer is Westpac Life Insurance Services Limited ABN 31 003
More informationInsurance through your super
Insurance through your super Review my cover Save on insurance through Super $ TPD insurance income protection Death We insure many aspects of our lives: house, car, health, life, even pets. Of all of
More informationBusiness insurance how much cover is needed? Fact Sheet - October 2014
Business insurance how much cover is needed? Fact Sheet - October 2014 This fact sheet examines various methods of estimating the level of business insurance. The calculation methods do not take account
More informationUnderstanding insurance
Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published
More informationCorporate Questionnaire Facility Application
Corporate Questionnaire Facility Application Assetinsure Pty Ltd ABN 65 066 463 803 44 Pitt Street Sydney NSW 2000 Australia PO Box R299 Sydney NSW 1225 T (02) 8274 2834 F (02) 9251 6387 www.assetinsure.com.au
More informationTax and Trust Services for business owners and directors
Tax and Trust Services for business owners and directors www.ethosmayfair.co.uk About us 01 Corporate trusts arrangements 02 Renumeration planning 03 Banking 04 Redemption arrangements 05 Credit management
More informationBUSINESS CASE STUDIES
BUSINESS CASE STUDIES Below you will find 2 Case Studies of 2 very different organisations. An small Advertising Firm; & a well established Construction Equipment Hire Business. Most business owners have
More informationWhat is a Balance Sheet?
What is a Balance Sheet? A Balance Sheet is a financial statement which shows the ASSETS, LIABILITIES and CAPITAL of a business on a particular date. Assets Are Are items owned by by the the business or
More informationTelstra Super Personal Plus Application Please complete this application form to open a Telstra Super Personal Plus account.
Telstra Super Personal Plus Application Please complete this application form to open a Telstra Super Personal Plus account. RED SECTIONS FOR YOUR INFORMATION GREY SECTIONS TO FILL OUT INVESTMENT CHOICE
More informationDEBTOR FINANCE. Please FAX signed application form back to Nova Business Finance on 1300 138 187
DEBTOR FINANCE Please FAX signed application form back to va Business Finance on 1300 138 187 va Business Finance is pleased to accept your application with a view to providing you with a solution to your
More informationFlexible Business Trust Deed
Flexible Business Trust Deed The documentation for the Flexible Business Trust is provided in draft format for the approval of your legal advisers. The appropriateness of this trust will depend on the
More informationABN ACN Registration number (including ABN of any Trust) (company applicants only) (incorporated association applicants only) Business phone number:
on 1300 658 108 Mon to Fri 9am-5pm (AEST/AEDT) Mail to New Accounts - Business Banking, ME Bank, Reply Paid 1345, Melbourne, Victoria 8060. Visit mebank.com.au Section 1 - Applicant Details Business Loan
More informationLife Insurance Education Series
Advanced Planning Life Insurance Education Series Part 5: Life insurance planning for businesses Changes in income- and estate-tax laws as well as volatility in the market may require you to review your
More informationFINANCIAL SERVICES GUIDE (FSG)
FINANCIAL SERVICES GUIDE (FSG) This Financial Services Guide ( FSG ) must be read in conjunction with the Authorised Representative Profile or Adviser Profile. Together these two documents form the full
More informationProtecting Business People & Their Families. Presented By: Marie Murphy BBS, AITI, QFA FLIA
Protecting Business People & Their Families Presented By: Marie Murphy BBS, AITI, QFA FLIA Protection is a simple concept where significant money can be made available in the event of death or critical
More informationSuper Guide: A Guide to Personal Risk Insurance for SMSF Trustees
Integrity SMSF Education Professionalism Super Guide: A Guide to Personal Risk Insurance for SMSF Trustees Web: www.thesmsfclub.com.au Ph: 1300 760 397 Email: admin@thesmsfclub.com.au Integrity SMSF Education
More informationSecurities trading policy
Securities trading policy Corporate Travel Management Limited ACN 131 207 611 Level 11 Central Plaza Two 66 Eagle Street Brisbane QLD 4000 GPO Box 1855 Brisbane QLD 4001 Australia ABN 42 721 345 951 Telephone
More informationUnderstanding insurance Version 5.0
Understanding insurance Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document
More informationSelf Managed Super Funds Take charge
Self Managed Super Funds Take charge Gain control of your financial future with a Self-Managed Super Fund (SMSF) About Markiewicz & Co. Markiewicz & Co. is one of Australia s leading full service investment
More informationInsurance Personal Questionnaire
Insurance Personal Questionnaire Name of Client 1: Name of Client 2: This section is completed by your Adviser Adviser Name: Adviser Code: Interview Date: FSG Version Number Provided: Adviser Profile Number
More informationCUSTODIAN TRUST DEED. Re: 10 Main Road, Sydney. ACME CO (A.C.N. 000 000 000) (the Security Custodian) BOB WILIAM SMITH RUBY SMITH (the Borrower)
CUSTODIAN TRUST DEED BETWEEN: ACME CO (A.C.N. 000 000 000) (the Security Custodian) AND: BOB WILIAM SMITH RUBY SMITH (the Borrower) Zumesoft Solutions PTY LTD 105 Pitt Street NSW 2000 Table of Contents
More informationDeath of a Member in an SMSF. Peter Johnson The SMSF Expert TM CST Corporate Solutions Pty Ltd
Death of a Member in an SMSF Peter Johnson The SMSF Expert TM CST Corporate Solutions Pty Ltd Outcomes? Death Benefit Nominations Insurance Inside of Super Changing Trustee s etc after death Definition
More informationInsurance request VicSuper FutureSaver
GPO Box 89 Melbourne Vic 3001 VicSuper Member Centre 1300 366 216 vicsuper.com.au Insurance request VicSuper FutureSaver * Indicates that providing this information is mandatory. Not doing so may delay
More informationSMSF Audit Self Managed Super Funds
SMSF Audit Self Managed Super Funds Control Why set up a Self Managed Super Fund (SMSF)? SMSF assets are totally under the control of the Trustees. The Trustees are responsible for taking all decisions
More informationMortgage application form
Mortgage application form Please complete in BLOCK CAPITALS, using BLACK INK. Use the continuation sheet provided if more space is required. A. Church or organisation details Name: Charity registration
More informationLOAN TO CORPORATE ENTITY - APPLICATION FORM
(this page also serves as the Enquiry Form) INTRODUCER DETAILS Firm & FCA No: Current CCL No: Email: Date: Network / Mortgage Club: Tel / Mobile: Product Required: PROPERTY DETAILS Full Address Of The
More informationNovember Bi-Monthly Tax Briefing Shareholder Agreements
November Bi-Monthly Tax Briefing Shareholder Agreements Ben Wilson Cosoff Cudmore Knox Lawyers Ben Wilson 2010 Disclaimer: The material and opinions in this paper are those of the author and not those
More informationSelf managed superannuation funds. A Financial Planning Technical Guide
Self managed superannuation funds A Financial Planning Technical Guide 2 Self managed superannuation funds What is a self managed 4 superannuation fund (SMSF)? What are the benefits? 4 What are the risks?
More informationBuy-Sell Agreement Planning Checklist
Buy-Sell Agreement Planning Checklist The Buy-Sell Agreement 1 Whenever a corporation has more than one shareholder, it is commonly recommended that the shareholders enter into a buy-sell agreement to
More informationUnderstanding Insurance
Understanding Insurance Preparation Date: 26 November 2007 How to read this document Managing your finances to meet your day to day requirements as well as your long-term goals can be a complex task. There
More informationUnderstanding estate planning
Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published
More informationCommInsure Protection
CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Issue date: 11 May 2014 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer, The Colonial
More informationEquity Finance Mortgage (EFM)
Introducing the award-winning Equity Finance Mortgage (EFM) Best New Product of the Year 2007 Best New Product of the Year 2008 What is an EFM? An Equity Finance Mortgage (EFM) is an award-winning home
More informationBusiness insurance and succession planning
Business insurance and succession planning BUSINESS INSURANCE AND SUCCESSION PLANNING Owning a business can be a very rewarding experience. But what happens if a business owner dies or falls seriously
More informationREDDIFUND. Contribution Agreement Disclosure Statements Employer Notifications. $5.00 Contribution. Covering Non EBA Indemnity Obligations
REDDIFUND Covering Non EBA Indemnity Obligations Contribution Agreement Disclosure Statements Employer Notifications $5.00 Contribution JLT (WA CONSTRUCTION INDUSTRY) DISCRETIONARY TRUST JLT Group Services
More information