Shareholder and Partnership Protection
The loss of a partner or co-director can have a major impact on the future of your business. Imagine that the shares of one of your co-directors ended up in the hands of someone you don’t know, and who may not know your company. This can happen if one of your co-directors becomes seriously ill or dies.
Should one partner or co-director die, Ownership protection provides the funds to the remaining business owners to be able to afford to exercise an option to buy the deceased’s interest in the business from his or her estate.
Provision can also be made if a partner or director suffers a critical illness.
This form of protection means that, if the worst does happen, the remaining partners or directors can stay firmly in control of the business they have worked so hard to build.
Cooper Associates offers tailor-made business solutions that can help protect your business in the event of the death, or serious illness, of a key individual or business partner.
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