Weather Warning: Storm Darragh is bringing very wet and windy weather to Wales over the next 48 hours, with damage to property possible. If you need to make a claim, we advise all clients to refer to their policy documents. In the event of an emergency, please contact Helen Love on 07790 011151 or Jonathan Davies on 07498 932495.
Shareholder Protection allows the remaining business shareholders to stay in control of the organisation following the death of another business owner or shareholder.
In the event of a business owner dying or being diagnosed with a critical illness, share protection can provide a lump sum to the remaining business owners. This could be used to help purchase the deceased shareholder’s interest in the business.
If a business owner dies with no share protection in place, their share in the business may be passed on to family. It is worth having a Shareholder Protection Policy in place to help ensure shares are retained.
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