Shareholder Protection
Shareholder Protection Insurance
Shareholder protection insurance safeguards your business by providing a lump sum to the remaining shareholders so that they can buy the shares of the ill or deceased shareholder and whilst their estate received a lump sum. This means that there is a reduced risk of legal action with the family and the remaining shareholders don’t have to take on any debt to buy the shares. Think about it, if your business partner died and you couldn’t afford to buy their shares then their life partner could come into the business and would have a right to make decisions and take income, in many cases this is NOT an ideal scenario, especially if they don’t have the skills or expertise to run a business.
Profitability also is less likely to be affected because if shareholder protection is in place, it is likely that the business will be able to continue to trade as usual.
*Tax treatment varies according to individual circumstances and is subject to change. Information regarding taxation levels and basis of reliefs are dependent on current legislation and individual circumstances, are not guaranteed and may be subject to change.
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Securing the present. Protecting your future.
We are independent and are directly authorised by the Financial Conduct Authority (FCA) which assures our clients that we have no network or product restrictions, and we also have a in-house compliance team that ensures our advisers are always supported and able to give first-class advice.