The Consularis Continuity Guarantee Plan.
Have you arranged everything properly in case something happens to you? No one is indispensable. We often say this, but does that also apply to the managing director or other managers? The question “What if something happens to me?” is sometimes asked, but the answer is often postponed until next year, and the year after that, and so on.
In practice, the managing director often proves to be indispensable! This is because several matters are not properly arranged in the event of a temporary, or even worse, permanent, loss. Think of practical matters such as payment transactions, signing authority, passwords, verbal agreements, and all those things the managing director always handled personally. But also, who has actual control, and who can legally and effectively replace the managing director? What about the shareholder situation after an unexpected death? Are there (living) wills, shareholder agreements, or family statutes?
A structured and updated Continuity Plan is required.
The Consularis has developed a system that, together with you, identifies what has and hasn’t been arranged for a number of potential situations. This includes identifying the desired situation and the necessary measures. This can lead to actions within the company and in legal, financial, and tax matters. Your usual advisors, such as a notary or accountant, can be involved for this. Your Consularis will oversee this process to ensure a comprehensive plan is in place. It’s wise to update such a plan every one to two years. After all, you have a special responsibility to your family, employees, and everyone else involved with your company!
