Get Fact Find Template

The Fact Find Template is an essential tool designed to gather detailed information about a business to determine its protection needs. This guide will provide clear and structured instructions to help you fill out the template accurately in an online format.

Follow the steps to complete the Fact Find Template effectively.

1. Press the ‘Get Form’ button to access the Fact Find Template and open it for editing.
2. Begin by entering the general contact details. Fill in the business name, registered number, and select the business type from the options provided, including sole trader, traditional partnership, limited liability partnership, or limited company. Additionally, complete the address, postcode, telephone, fax, and email sections.
3. In the Protection | Business Menu section, enter the business website URL if applicable.
4. For Contact 1 and Contact 2, fill out the fields with the names, telephone numbers, and email addresses of key individuals related to the business.
5. Proceed to the Background Information section. Provide details about the business's inception, principal activities, succession strategies, expansion plans, and any associated businesses.
6. In the Significant Assets/Premises section, indicate whether the premises are leased or owned, and provide relevant acquisition dates and current values. List any significant assets held.
7. Fill in the Financials section for the past three years, detailing turnover, gross profit, net profit before tax, and dividend amounts. Include the number of employees and the calculated value of the business.
8. Specify details concerning debts, including outstanding amounts, start dates, terms, interest rates, lenders, and any security given. Don’t forget to mention if there is any life cover associated with the loans.
9. Outline the Articles and Agreements section by addressing key succession provisions in the partnership or shareholder agreements on death or long-term illness. Indicate if these provisions align with the owners' wishes and note if a share purchase agreement exists.
10. Complete the Ownership and Key Personnel section by providing information about key individuals within the business, including their roles, contributions, and any relevant financial details.
11. For each individual listed, specify life cover details and replacement costs. Provide information on shares and whether they hold any wills.
12. In the Existing Cover section, detail any key person cover, loan cover, or personal cover, including existing cover types, providers, terms, and premiums.
13. Summarize business priorities in the Summary of Priorities section, ranking their importance and associating them with relevant amounts.
14. Indicate any other relevant information in the Other Information section.
15. Finally, obtain the signatures from both the client and the adviser along with the respective dates.
16. Once all fields are complete, you can choose to save your changes, download a copy, print the form, or share it as needed.

Complete the Fact Find Template online today to ensure you have all necessary information for effective business protection.