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 doesn’t know your company. This is exactly what can happen if one of your co-directors becomes critically ill or dies.
Ownership protection provides funds so that should one partner or co-director die, the remaining business owners may be able to afford to exercise an option to buy the deceased’s interest in the business from his or her estate. Provisions can also be made if a partner or director suffers a critical illness.
This form of protection means if the worst does happen, the remaining partners or directors can stay firmly in control of the business they have worked so hard for.
Cooper Associates offers tailor-made business solutions that could help protect your business in the event of the death, or serious illness, of a key individual or business partner.
