Directors Shares

Directors Shares

Directors Share Protection Could this be your company? "Bloggs, Smith and Jones, Sons, Daughters, Parents, Grandparents, Spouses, Uncles, Aunts, Cousins and Second Cousins Limited." If you have not established a business Will and made preparations in the event of death then this may happen.  Succession planning is a must for all directors of Limited Companies.  

Not just from a control of the business point of view but also to ensure that the loved ones of a deceased director are not burdened with getting involved in a business that they do not wish to.  It also can provide the remaining directors with a cash sum on death to pay for the share of the business that they would have been entitled to.  

This can be done with a Directors Share Protection Plan (which can be a simple and cheap term assurance policy) combined with an option agreement for you or your co directors to purchase the deceased directors shares.  Doing this will avoid problems for your family and your business,more Share Protection on this site.  Find out more about Business Protection at   Life Cover Adviser.com, For help with director shares contact us.