Partnership/Share Purchase Protection

Partnership/Share Purchase Protection – Securing Your Business’s Future

You and your partners have built a business together. But what happens if one of them passes away unexpectedly? Suddenly, their spouse or family may inherit their share of the business—and become your new partners. How comfortable would you feel in that situation? Do they understand the business? How might your suppliers, clients, and lenders react?

Uncertainty sets in. You may feel the need to buy out the deceased partner’s share—but do you have the funds readily available? Can you secure the necessary finance, and can your business manage the repayments?

The solution is Partnership/Share Purchase Protection.

This form of cover provides the surviving business partners with a tax-efficient lump sum specifically to purchase the deceased partner’s share of the business. It ensures the partner’s family receives fair value for their shareholding while allowing the business to continue operating smoothly and without disruption.

The outcome:
No panic. No borrowing. Just the right funds, in the right hands, at the right time—protecting both your business and the interests of your late partner’s family.