Business partnerships are vulnerable to many outside factors – personalities may clash, directional strategy may differ. One thing we can help you control, however, is what happens to your business should your partner die and how their share of your business is inherited. The person who inherits your business should be you. We work alongside your company accountant and solicitor to ensure that you have a robust and legal solution to the death of a partner.
Shareholder protection helps shareholders settle any future problems – for instance the death of one of the shareholders or when a shareholder (who is also a key member of the business) suffers from a serious illness. The insurance provides the other shareholders with the means to buy the shares back from the deceased’s estate or from the sick shareholder, if this is the course of action to be followed. This insurance is supported by legal documents that ensure that, should the worse happen, your business can continue to trade.