Personal wealth planning for entrepreneurs in six steps

Helping business owners secure their personal financial futures

clock • 4 min read

Entrepreneurs pour so much effort into making sure their venture is a success that personal wealth planning often falls down the priority list, writes Mike Westbrook

As anyone who runs their own business will tell you, it's a full-time job. Entrepreneurs pour so much effort into making sure their venture is a success that personal wealth planning often falls down the priority list. However, it's prudent for clients to start thinking about their financial future early and particularly if considering scaling up. Executed properly and professionally, taking the right steps now will pay dividends in terms of security and peace of mind later down the line. 1.       Draw up a shareholders' agreement All private limited companies are required to ha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Why making the right impression with buyers counts

Why making the right impression with buyers counts

Support for business owners crucial in 'complex' sale process

Roderic Rennison
clock 11 February 2025 • 4 min read
All the advice firm acquisitions that have taken place in 2025

All the advice firm acquisitions that have taken place in 2025

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 10 February 2025 • 1 min read
The advice four-day working week: 'It's crucial to be forward-thinking'

The advice four-day working week: 'It's crucial to be forward-thinking'

Financial industry remains ‘largely outdated’

Isabel Baxter
clock 07 February 2025 • 2 min read