Business Will

I. Declaration

I, [Your Name], of [Your Company Address], owner of [Your Company Name], a business established and operating under the laws of [State/Country of Business Operation], hereby declare this document to be my Business Will. This Will outlines the disposition of my business interests and assets. I revoke all business-related Wills and Codicils previously made by me.

II. Appointment of Successor

I appoint [Successor's Name], of [Successor's Address], as the successor of [Your Company Name].

If [Successor's Name] is unable or unwilling to serve, I appoint [Alternate Successor's Name], of [Alternate Successor's Address], as the alternate successor.

III. Business Assets and Liabilities

A detailed list of all business assets and liabilities as of the last assessment date is attached hereto as Exhibit A.

IV. Disposition of Business Assets

A. Real Estate and Physical Assets

I bequeath the real estate and physical assets of [Your Company Name] as follows:

• [Description of Property/Asset 1] to [Beneficiary Name 1].

• [Description of Property/Asset 2] to [Beneficiary Name 2].

B. Intellectual Property

I bequeath the intellectual property of [Your Company Name] as follows:

• [Description of IP 1] to [Beneficiary Name 1].

• [Description of IP 2] to [Beneficiary Name 2].

C. Residual Business Assets

All other assets of the business not specifically disposed of by this Will shall be transferred to [Residuary Beneficiary's Name].

V. Business Operations and Management

Until the transfer of my business interests and assets is complete, I direct that [Your Company Name] continue its normal operations under the management of [Interim Manager's Name], of [Interim Manager's Address].

VI. Debt Settlement and Financial Obligations

I direct that all outstanding debts and financial obligations of [Your Company Name] be paid from the business assets prior to the distribution of any assets to beneficiaries.

VII. Legal and Tax Compliance

I direct that all legal requirements and tax obligations related to the transfer of business assets and interests be complied with in accordance with the laws of [State/Country of Business Operation].

VIII. Signatures and Witnesses

This Business Will was signed and declared by [Your Name], the Business Owner, as his/her Business Will, in the presence of us, who, in his/her presence and at his/her request, and in the presence of each other, have hereunto subscribed our names as witnesses on this [Date].

Business Owner

Name: [Your Name]

Address: [Your Company Address]

Witness 1

Name: [Witness Name 1]

Address: [Witness Address 1]

Witness 2

Name: [Witness Name 2]

Address: [Witness Address 2]

IX. Notary

State of [Your State], County of [Your County], ss:

On this [Date], before me, [Notary's Name], a notary public in and for said state, personally appeared [Your Name], known to me to be the person described in and who executed the foregoing instrument, and acknowledged that he/she executed the same as his/her free act and deed for the purposes therein contained.

Notary Public: [Notary's Name]

My Commission Expires: [Expiration Date]

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