Business protection
This area is concerned with preparing for the unexpected and ensuring the continued stability of your business. There are two main aspects to business protection planning.
The first is making sure that the company can re-purchase shares from a deceased shareholder so their family can receive the market value of the shares while the business continues under the same structure as before. This means those who know the business and are familiar with each other continue to have complete control over the future of the business.
The second is ensuring that the business is financially prepared for the loss of a key employee or director, either temporarily (through accident or illness), or permanently (if they suffer a premature death). This means the costs of recruitment, training and any short-term drop in profitability can be taken care of without a significant financial impact upon the company.
By looking at the structure of your business, we can help you to identify the areas where you are exposed and what the potential financial implications might be, devising a solution that will protect all concerned.
