Can you imagine one day becoming a director of a private limited company (Sdn. Bhd.) with your business partner? You hold 60% of the shares in the company, while your partner holds 40%. Now, you’re thinking of preparing an exit plan because you want the company to continue running smoothly without you. You’re considering leaving...

In our previous discussion, we addressed concerns about the potential misuse of life insurance payouts in a buy-sell agreement. To establish a more reliable succession plan, we’re exploring an alternative approach that incorporates Wills. Here’s how it works: You and your business partner will still get life insurance policies, but with a twist. Instead of...

In our last article, we talked about how keyman insurance helps protect a business if something happens to a key person. Now, let’s talk about another helpful thing: the Buy-Sell Agreement. Think of the Buy-Sell Agreement as a safety net for business partners. It’s like a plan for what happens if one partner can’t work...

Mr. Tan, who’s the top sales guy at a local marketing company. He’s the one who makes sure the company sells its products and does well. But what if Mr. Tan suddenly can’t work because he got hurt in an accident? That’s when keyman insurance comes to help. Keyman insurance is not your usual insurance....