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Pri-Niaga
Pri-Niaga
Pri-Niaga involves planning to ensure that there will be smooth transfer and succession of business interest in anticipation of death, disability, illness, or retirement.
Advantages of Pri-Niaga
· Selling price is pre-agreed upon by business partners
· Financial security for heirs
· Funding mechanism pre-determined
· Heirs will not be involved in the business as remaining shareholders will buy and take over the business.
· The business carries on and the supplier/creditors can be assured of the existence of the business.
Without Pri-Niaga
• Heirs take an active role in the business:-
- No experience.
- Do not get along with the remaining business owners/ conflicting views on how the business should be run.
- Not interested.
