If a business owner or shareholder dies their share in the business is likely to be passed to their family. Surviving business owners could lose control of part or, in some circumstances, all of their business. The family may choose to become involved in the ongoing running of the business or could even decide to sell their share of the business to a competitor.
By arranging a combination of both a written agreement and insurance plans, the business owners can control both the future ownership structure of their business and also compensate their family for loss of the business asset at the same time.
We work with you to help you consider all of the options and issues relating to this type of protection including advice relating to shareholder and partnership agreements, cross-option agreements and different types of insurance solutions.