Description
Plan for a change in business ownership
When a business co-owner dies, the remaining owners and the deceased owner’s family may face difficult questions: Who buys the business interest? How is its value determined? Where will the purchase money come from?
A buy-and-sell agreement can set out the intended process, while insurance may help fund a purchase. Both need to fit the business’s ownership structure.
This free eight-page guide covers:
- The questions to settle before selecting insurance cover
- What to discuss when drafting a buy-and-sell agreement
- Policy ownership, beneficiaries and premium payments
- Six common setup mistakes
- Estate duty, capital gains tax and other tax questions to check
- Additional decisions when a business has three or more owners
- A printable worksheet to prepare for a discussion with your advisers
The guide also explains why a policy payout and the transfer of a business interest must be considered separately. It is a starting point for informed conversations, not an agreement ready for signature.
Want to explore the subject in more detail? See
Partnership Assurance and Buy-and-Sell Agreements – Guide and Preparation Workbook – South Africa 2026.
Digital PDF download. General educational information only; it is not personalised legal, tax, insurance or financial advice. Have qualified South African professionals review your actual business structure, policies and documents.
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