Shareholder Protection

The loss of a partner or shareholding director can have a major impact on the success of a business in terms of ensuring continued control for the remaining owners. However, you also need to think of the effect on the dependants of a deceased owner, or the position of a critically ill owner who might wish to leave the business.

The aim in setting up this cover is to ensure the remaining business owners retain continued control of their business and the estate of the deceased owner. It can also ensure that an outgoing critically ill owner, gets fair value for selling their share of the business and that the arrangement is set up in a tax-efficient manner.

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    Established in 1972, Thomas Carroll is a multi discipline risk consultancy covering business and personal insurance, financial services, health, safety and employment law.
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