Worksite Preview

Worksite Preview

Family Security

Business Security

Business Succession

We work with

Sole proprietorships

Partnerships

Companies or corporations

Family Security

If you business is

What happens if

These are what happened

Swatow Group closes its 18 Restaurants here.

Sudden move follows death of chains owner in Japan

All 18 restaurants in the Swatow Group, one of largest restaurant chains in Singapore, have been closed in efinitely and 500 jobs are hanging in the balance.

The closure followed the death of the 39-year-old owner of the chain, Mr. Yang Yuan Hua in Japan

about 2 weeks ago

Swatows suppliers, such as those of meat, vegetables and uniforms, went to its Hup Huat Food

Industrial Building head-quarters in Upper Paya Lebar Road to demand payment

.The fate of the restaurant is uncertain (a spokesman said) but noted that Mrs. Yang would try

to get new shareholders and keep those outlets which are profitable. Those which are not would be

sold.

She (Mrs.Yang) is not a good business woman, she is a 100 percent housewife, she doesnt even

know what her husband had.

This is an operation where one man ran everything

The Straits Times, Tuesday, March 3 1992

NEWS

By Julia Goh

It is Real Without Planning

When a Business Owner Dies

Problems created by the death of the Business Owner must be dealt with by the person administering the estate.

Are there ways to

Unlock the value of the Business - for your family?

Protect your Family from Creditors?

Buy time for a Successor to come in gradually?

The Answer is YES

Family Security Planning

If your Business is

Can you envision tussling in the company boardroom to recover your share of the business?

Are you prepared to have strangers to replace your business partners when he fails to turn up in the office?

These may happen

Possible Solution?

By Heirs

No control over incoming partners. Worse if heirs sell business interest to a competitor

By Partners

May lose the expertise of surviving partner

Forced Liquidation

The last resort

Problems with Heirs

Beneficiaries of the Estate of the Deceased Partner

Would the heirs find a fair market value for the inherited business interest?

Does the heirs have the required expertise to run the business

Problems with Surviving Partners

Surviving Partners/Shareholders

Will the surviving partners find the funds to buy off the interest of the business from the heirs at market value?

Can the surviving partner work with the heirs of the deceased partner who may not have the necessary expertise running the business

A Better Solution

Business Security Planning

Business Security

Enables heirs to find a fair market value for inherited business

Provides funds for surviving partner/s to buy off the interest of the business from the heirs at market value

What if

Your Business has an important staff

Key Man

And Your Key Man went outstation to

close a $10,000,000 deal..

.unfortunately, he never made it back

???

Provision For Loss of A Key Man

Would you have lost the Key to your companys success?

The Keyman

Is responsible for a huge portion of the companys income

Steers the direction of the company

Possesses unique skills, know-how, technical knowledge, expertise, experience, qualifications or abilities that are difficult or costly to replace

These may happen

Employees loyalty to company may weaken and they may seek security with competitor companies

Lose market share (difficult to regain once lost)

Lose customers

Lose getting new business opportunities

Debtors might delay payments while creditors press for early repayments resulting in a cash crunch

Banks may reduce or cut away credit lines or press for early repayment of any outstanding loans

Are there ways to

Retain Employees confidence & loyalty to company?

Let Customers confidence remains unaffected?

Maintain the relationship with business associates , creditors and debtors?

Preserve the reputation (brand) of the company?

Minimise disruption to company operations so that growth and expansion can continue?

Ensure a smooth and uninterrupted cash flow to service ongoing bills and liabilities?

Avoid forced liquidation or hostile takeovers?

Are there ways to

Compensate the business for a sudden decrease in sales and revenue in the absence of the keyman?

Provide the fund needed to headhunt, hire, train and integrate the replacement into the business until the business returns to profitability?

Assure the continuity & sustainability of business to retain existing employees (particularly the key staffs), and maintain the confidence of business associates (eg. Suppliers)?

Preserve the existing credit lines from banks/ corporate lenders?

The Answer is YES!

We help Businesses cover

Bank Loans

Debts

Loss of Companys Profits

Operating Costs

using Leveraged Dollars backed by Financial Institute of AA credit rating

The Key Man Protection Timeline

(1) Keyman works for company. Company grows and expands riding on the skills of the Keyman.

(2) Keyman passes away prematurely, becomes critically. ill or becomes totally and permanently disabled

(3) Company plunges into difficulty, sales drop, profits decreases

(4) Search for replacement & training for replacement

(5) Replacement begins work in the company

(6) Operations of company revert to normal.

We can show you how you can

Get the backing of a AA rated Financial Institute

Get leveraged $

Create a Golden handcuff for your precious keyman

Command loyalty instead of demand loyalty from your staff

Secure immediate liquidity in times of disaster

So that you can Focus on

Building your Business

Without worrying about

Someone setting fire to your backyard

Because we install 10 extinguishers

For your business protection

We can design packages to

Suit the different needs of

Co-directors

Management

Staff

We also

Conduct Staff Educational workshops/talks for company

Understanding MediShield Life and its Implications

Comprehensive Financial Protection

etc