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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.
To discuss Shareholder Protection in more detail, call Thomas Carroll Wealth Management or fill out the contact form below and speak to one of our consultants. We would welcome the opportunity to meet you and discuss, without obligation, the support you need.