Have you ever thought of what might happen if one of your directors, who is also a shareholder in your business, dies or becomes critically ill?
Of course, you’d miss their presence, as well as their experience and expertise. But do you know what would happen to their shares?
An uncertain future
The dispersal of a director’s shares could have a significant impact on your business’s stability. The shares might pass to another individual who has little knowledge or interest in the business.
They may even gain significant control of the company and take decisions that may not be in the best interests of the other directors, employees or customers.
You could always buy those shares back, but could the remaining directors afford to do so?
How we can help
We work with businesses like yours, offering advice on how best to protect it from the financial impact of unforeseen events.
As part of Openwork, one of the UK’s leading professional financial advice networks, we have access to a range of products that can give you peace of mind when it comes to the long-term stability of your business. Please contact us for more information.