Pri-Niaga

Pri-Niaga = Planning in ensuring a smooth transfer and succession of business interests in anticipation of certain triggering events.

Concept

Planning of exit strategies in anticipation of death, disability, critical illness or retirement to :

  • Ensure a smooth transfer and succession of business interests.
  • Protect and preserve the value of the business when business interest are sold.

With Pri-Niaga, matters to be considered :

Agreements on business value.

Triggering events are clearly defined.

Creation of funding mechanisms.

The distribution of the sale proceeds to be decided by the business owner.

Advantages of Pri-Niaga :

  • Selling price of shares is pre-agreed by shareholders / business partners.
  • Financial security for heirs.
  • Funding mechanism for purchase of shares is pre-determined.
  • Heirs will not involve in the business (if not interested) as the remaining shareholders will purchase their shares and take over the business.
  • The business carries on and relevant supplier / creditors can be assured of continual existence of the business.
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Without Pri-Niaga :​

Remaining business partners may face difficulty in raising funds to purchase the shares of the deceased. Heirs will take an active role in the business :

  • Lack of experience.
  • Do not get along with the remaining business partners / conflicting views on the running of the business.
  • Lack of interest in the business.

Why Let Others Determine Distribution of Your Assets When You Are Gone?

You have the right to choose who is going to administer your estate and determine on how to distribute it upon your demise.
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