Shareholder and Partnership Protection
Why have Shareholder and Partnership Protection?
As an owner, shareholder or partner, should you become critically ill or pass away, the business and your family need to know there is a plan to cover their needs.
- The business needs to know they can maintain control of the company by buying your shares and extinguishing any liabilities they may have with you.
- Your family needs to know they will be fully recompensed for your shares and monies owed to you.
What is Shareholder and Partnership Protection?
This plan provides the remaining owners, shareholders or partners with sufficient funds to purchase the shares from your estate at full value and also repay any personal loans.
A legal agreement also forces the shares to be sold/ bought should either party wish to buy or sell the shares.
This can be arranged to cover you for death only, or critical illness where you may decide you do not wish to continue as a shareholder.
Jay Financial can take you through all the options available, to ensure you tailor your cover to suit your needs.
Email email@example.com or call 01283 761866 to arrange for a no-commitment initial discussion.
Shareholder Protection is often confused with Key Person Protection
. Visit our dedicated web page for more information on this policy.