Question: I recently went through an estate planning exercise with my financial adviser in which we looked at the capital gains tax, estate duty and executor fees that would be paid should I die soon. The one number that really stood out was the executor fees. Do you have any ideas on how I can.
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Succession seems like such a grown-up term – something you would hear in the corridors of a large corporate or a family business. But, for all other types of businesses, it is a word that is unfortunately not spoken more often.
The typical startup is built by an entrepreneur who commonly has one of three objectives. The first is to build a business to sell and make a handsome profit. The second is to build a business to run, a business to generate enough income and dividends to make the entrepreneur significantly wealthy while retaining ownership, thereby providing them with a home and a place to express their passion and vision on an ongoing basis. The third is the family business, a “build-to-hand-down” model in which the entrepreneur’s kids or other family members are groomed over time to take over the business (this usually happens as an outright purchase or a phased sale or handover of shares over a protracted period of time).
South African journalism would benefit from doing more dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
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In simple terms, 12 major football clubs were willing to sacrifice decades of tradition and support to entrench their financial superiority in the world of football.
There is no debate – the traditional sporting principles of fair play, participation and enjoyment have long been trampled by the pursuit of financial dominance in the game.
On the same point, it should come as no surprise that the first significant cricket event to be staged during Covid-19 was the Indian Premier League (IPL) in November 2020. This event effectively replaced the International Cricket Council World T20 event scheduled for that time.
Given that the IPL brand value was $6.7-billion in 2019, it has become the most “important” cricket event on the calendar.
As CEO Daniel Mminele departs, you ve got to wonder i dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.