Business Shareholder Protection
As a business owner if you died tomorrow could those that are important to you cope financially? Would they wish to continue owning the business, do you have the skills to run the business or do they just want out? Is there enough money in the business bank account to meet all outstanding and ongoing liabilities until a sale can be facilitated? After sale are there any funds available for those left behind, in their darkest hour? Have you ensured their financial stability?
Shareholder Protection providers the foundations for future financial stability of the business and those left behind. So that on the death or critical illness of a shareholder, funds are available so that the remaining shareholders can buy the shares of the deceased or critically ill shareholder thereby ensuring business continuity and financial stability for the deceased family or unwell shareholder. Shareholder Protection ensures minimum disruption to the company and providers for business continuity.
At Riviera Mortgages our advisors can help you through the complex maze of rules and regulations surrounding Business Protection, providing you with the professional expert advice you need to soundly protect your business.
When starting up any business one of the first considerations should be to establish a ‘Business Will’ – in order words a written agreement or frame work ensuring special provisions are in place, in appropriate governing documents, to specify what is to happen to the business shares and liabilities to the owners, in the event of death or a critical illness because without these how could the business continue.
Contact us
Address
26 Walnut Road
Chelston
Torquay
TQ2 6HS
Call Us
01803 500190
Email Us
enquiries@rivieramortgages.co.uk