The death or serious long term illness of a fellow shareholder/ partner could mean their share in the business being put up for sale. If this were to happen to your business tomorrow:

· What would happen to those shares?
· Can you afford to buy out that share and retain control of your business?
· How likely is it that the shares will pass to a third party that at best has no interest or experience in your business, or at worst is a competitor?

There is a simple and relatively inexpensive solution that will help protect the financial security of your family and your business. Through the use of insurance-based plans and a correctly constructed shareholder/ partnership agreement, it is possible that the continuing partners or shareholders will receive sufficient monies with which to buy out the interest of the outgoing business owner and thereby retain control of their business.

Fluent IFA are there to help you and will provide expert advice.