The co directors in your business are its driving forces and foundation for success. What would happen if one of them is no longer here? Imagine the shares of one of your co-directors ended up in the hands of someone who you don’t know and whom does not know anything about your business. This is a possibility if a co director becomes seriously ill or passes away with their shares going to their estate.
To avoid this risk of shares passing to the wrong person, a legal framework that gives the remaining directors the right to buy out the shares of any director who becomes seriously ill or passes away can be established.
The result will help ensure that the business runs in the right hands and that any dependents receive the financial value of shares.
A financial plan will pay out a lump sum and can give peace of mind for other directors.
For further information on these services, please contact us on 01274 515747 or email us at email@example.com