This area of financial planning is generally more complex than personal planning and therefore requires an in depth discussion and understanding of the needs associated with all kinds of business whether sole trader, partnership or limited company.

The areas covered in a business or corporate review are:

Succession Planning ­ ensuring that a business would continue to trade and prosper in the event of a partner or director/shareholder dying or contracting a critical illness. This involves ensuring that the share of the business owned by the deceased or critically ill party is retained by the remaining business owners in return for a cash payment representing the agreed market value of the share. The common names for this planning are Director Share Purchase Protection or Partnership Protection.

Business Protection ­ ensuring that any liabilities are covered for repayment in the event of a key persons death or disability and protecting the likely loss of profit caused by these events.

Employee retention/benefit packages ­ identifying suitable and affordable packages to offer employees who are valuable to your business and you wish to reward for their loyalty.

Stakeholder Designation ­ ensuring that your company complies with Government legislation in relation to providing access to a stakeholder scheme if not exempt.

Pension Planning ­ effective use of pension provision for commercial and personal purposes including property purchase.