Advice on Shareholder & Partnership Protection – Aspire Financial

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    Shareholder Protection Advice

    If your business is owned by shareholders or belongs to partners, you may not have considered what will happen if one of them dies or becomes seriously ill.

    In addition to losing the benefit of their experience, if a shareholder or partner dies, their rights or investment in your business could pass to someone who has no experience of your business or who does not share your aims. This could cause disruption for your business and stress for them at what could already be a difficult time.

    Often the remaining shareholders or partner(s) would want to buy out the person who has inherited rights or an investment in the business, but they may not have enough capital available. At a time of vulnerability with questions about the future of the business, it may also be difficult to borrow money from a bank for this type of purchase. In this situation Shareholder or Partnership Protection could provide a lump sum to finance the purchase.

     

    Shareholder or Partnership Protection benefits
    • Removes uncertainty about the future of your business
    • Reduces disruption to your business at a difficult time
    • Flexibility to cover either death, critical illness or both during the cover term
    • Flexibility to include legal agreements that protect your business
    • Can provide tax efficiency

     

    Is it for me?

    If your business is owned by shareholders or belongs to partners and if you are unsure of what would happen if a shareholder or partner became critically ill or died, you may want to consider this Protection.

     

    Please note, you should regularly review your cover and remember that inflation can reduce the value of the cover, and cover will end if your premiums stop.

     

    Get in Touch

    To find out more about how Shareholder or Partnership Protection could help your business, please call us on 01928 73 55 10 or complete our online enquiry form and one of our personal finance advises will contact you to discus your requirements.

    Aspire 2011 LLP is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority.

    Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited. 30th January 2023

    Quilter Financial Services Limited and Quilter Mortgage Planning Limited are entered on the FCA register under reference 440703 and 440718

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