If We Have Shareholders?
The sudden death of a business shareholder is traumatic for everyone involved and can have far-reaching implications. Family members and other beneficiaries are likely to inherit the shares but may require immediate liquidity. Meanwhile, other shareholders may want to acquire the shares but may not have sufficient funds.
Ideally, a legal agreement will be in place to set out what will happen in this event. Surviving shareholders can be given the right to buy shares from the beneficiaries, and beneficiaries can sell their inherited shares to surviving shareholders.
A suitable agreement and insurance policy will give you peace of mind that if you die or become seriously ill, your family will benefit financially and other shareholders will be able to stay in control of the business.
Please get in touch if you would like to speak to us about arranging an insurance policy to safeguard your business operations by emailing email@example.com or calling 020 7633 2222.
"We believe it makes sense to take advantage of all the reliefs and allowances available to mitigate tax."