The loss of a major shareholder or partner can cause serious problems, and not just within the business itself. For instance, Partnerships will be automatically dissolved if one partner dies – unless an agreement exists to the contrary.
Rather than inherit the shares, beneficiaries often prefer the monetary value of a shareholding. The remaining shareholders are almost certainly going to want control over the deceased’s shareholding, so why leave this to chance?
Share Protection helps the surviving shareholders or partners keep control of a business if a major shareholder or partner dies, or is diagnosed with a critical illness.
We recommend solutions that alleviate the issues arising from unforeseen events. Our specialist advisers understand the needs of individual businesses and recommend solutions that fit within their business model.
Potential issues include:
After taking the time to understand your business, we’ll demonstrate the best available options available to you, any other shareholders and your company. Where appropriate, we’ll introduce other professionals, such as lawyers, to ensure the required legal agreements are in place to ensure your plans are realised – should the worst occur.
When your staff are key to the success of your business, they are a valuable asset. One question, what would it cost your business if they were to suddenly die?
If you're a company director and have life insurance to protect your family, you could be paying more tax than necessary. We can provide a full review of your existing policies, to ensure the most appropriate structure and benefit.