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

Editor's view: Your pre-holiday advice news aperitif

Editor's view: Your pre-holiday advice news aperitif

The editor's Friday Night Takeaway from 20 December

Jen Frost
clock 20 December 2024 • 2 min read
How advisers keep up client engagement at Christmas

How advisers keep up client engagement at Christmas

PA looks at how advice firms touch base in the festive season

Isabel Baxter
clock 19 December 2024 • 3 min read
Editor's view: When regulation fails to bite

Editor's view: When regulation fails to bite

The editor's Friday Night Takeaway from 13 December

Jen Frost
clock 13 December 2024 • 2 min read