It makes sound financial sense for businesses with 2 or more Directors/Partners to plan for the continuation of trading following the demise of one of the Directors/Partners in the business.
Such a plan should be re- enforced by legal agreements and supported by personal financial insurance cover for each stakeholder. The plan should facilitate 2 key objectives:
1. To preserve the value of the business for the family, or estate, of the deceased director/partner and make provision for the distribution of this value.
2. To enable the surviving director/partner to continue trading in the business by providing for the acquisition of the business shareholding of the deceased person.
You are very welcome to email us at firstname.lastname@example.org or call us at 091 - 759 500 for further information and advice in relation to this matter.
We can also offer you a competitive quotation for this very important cover
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