Posted on: 1st December 2014 in Retirement Planning
Why making a Corporate Will is important for your company? If you are a director or a shareholder in a company, you know that responsible management often involves thinking about and planning for various potential outcomes and what-if scenarios, even those which may seem unlikely. One of such scenarios is death and having a Corporate Will written, but many owners and managers overlook it because it is uncomfortable to think about. Nevertheless, many previously successful and thriving businesses, in Dubai and elsewhere, collapsed or underwent serious troubles after the loss of a key person, when shares and decision making power ended up in hands of someone unable to run the company or when funds needed for the company’s operations remained locked for extended periods of time. This is particularly important when there are multiple directors, shareholders or partners involved. A Corporate Will is a simple and inexpensive, yet powerful measure to prevent that.We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
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