This is considered an out of date browser. This website has been developed with modern browsers in mind to allow it to display at its best in a wide variety of viewing situations - including mobile viewing. But we haven't supported older browsers like IE8. Please upgrade to the latest version of Internet Explorer - or try Mozilla Firefox or Google Chrome. Both are excellent browsers.
In businesses run by unconnected parties the death or incapacity of an owner is likely to cause serious disruption and problems for both the business and the family of the owner concerned.
In relation to the death of the shareholder, partner there should be an agreement to purchase the deceased owners share of the business by the continuing owners.
As with partnership protection, a life assurance plan would enable the surviving shareholders to purchase the shares from the deceased shareholder’s estate.
Again, the type of plan and length of term will vary according to the company. T
The tax situation for shareholder protection is similar to the tax situation for partnership protection.
Contact us to find out more about Shareholder Protection Services.
Ginny pretty much has done everything for me. I'm careful with my money but not necessarily financially savvy or have the willingness to be so. Ginny's enthusiasm and professionalism bridges the gap to my incompetence in this field.