Partnership / Shareholder Protection

If a main shareholder died could the remaining shareholders afford to buy their shares from the estate?

If not, the situation could prove difficult, both for the new shareholders and the business.

Providing a safety net to protect your business should not be an option, it should be a necessity. Any proceeds from a life cover policy could help to ensure that key individuals are replaced, business debt is protected and shares from the deceased partner’s/ director’s estate can potentially be purchased.

At Platinum Financial we have gained many years of experience helping our corporate clients to establish business protection arrangements.