What would happen to your firm if one of the partners died
How seriously would it affect your business?

According to Hong Kong legislation, a partnership is dissolved upon the death of any partner, unless there is an agreement pre-arranged between the partners. In addition, the deceased partner’s share may become a debt of the surviving partners. Without a Buy-Sell Agreement, the following problems may arise:

Problem 1

Do you want to work with the deceased partner's successor? Might a conflict occur in management style?

Problem 2

If the successor wants to sell the deceased partner's share, who will purchase it? At what price?

Problem 3

If no agreement is made, the firm has to be dissolved. The price of the dissolving business would most likely be lower than its actual value. You may suffer a loss.

MassMutual Asia proudly presents the smart solution in Business Succession Planning. Providing a low-cost, or no-cost way to solve the business succession and assets transfer problems, Business Succession Planning includes:


Guarantee the firm will remain a going concern through Buy-Sell Agreement

Prepare Backup Fund at low / no cost to solve the business succession and assets transfer problems in the firm if any partner died

As a member of a world-class financial group, MassMutual Asia strives to offer the most professional and quality service to our valued business customers. In addition to offering business insurance services, we are proud to offer you a professional Buy-Sell Agreement referral service to ensure our most valued customers’ businesses can run smoothly, protecting the interest of all partners.

Since 1851, MassMutual has been providing sound financial solutions to millions of customers. Please contact our consultants or simply call our Customer Service Hotline: Hong Kong (852)2533 5555 for more details.

(The information above is for reference only.)