Ensure surviving shareholders can buy out a deceased or critically ill shareholder's interest, keeping control of the business where it belongs.
Shareholder protection is essential for any business with multiple shareholders. Without it, a deceased shareholder's shares could pass to their family — who may have no interest in running the business, or worse, may want to sell to a third party. A shareholder protection arrangement, backed by a cross-option agreement, ensures the remaining shareholders have the funds and the right to purchase the outgoing shareholder's interest at an agreed valuation. This protects both the business and the departing shareholder's family.
This product is particularly relevant to the following professions.
Whether you need income protection, business cover, or mortgage advice — get in touch with your ConsultZenith contact to discuss how we can help.
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