Business Protection

Protecting the financial position of your business is just as vital as protecting your own personal position properly.

The Directors of privately owned limited companies may well be concerned that adequate financial arrangements are in place should a shareholder become ill or die. Some key questions are:

  • Is there a suitable plan in place for the other shareholders or directors to be able to purchase the shares from the deceased shareholders estate?
  • Is there a shareholder agreement in place clearly stating what other options are available to the directors and shareholders should such an event arise?
  • Would current shareholders be happy if control was lost to an unknown third party?
  • Is there a succession plan in place for your company?

The above questions also apply to partnerships.

Prosser Knowles provides solutions so that such questions can be assessed and so that the correct levels of protection can be put in place whilst also achieving tax efficiency.

There are many other areas to consider such as protecting employees:

  • What would happen if a key individual within the company became ill?
  • What would happen to profits as a result and how long would it cost to replace them?

A suitable Key Person Insurance scheme will cover the individuals that are not easy to replace due to their involvement and skills within a Company.

Stay in touch

If you would like to keep up to date with current industry trends or receive details of our product developments, seminars, events and newsletters, just fill in your details below.

News feed

WE ARE MOVING – OUR KIDDERMINSTER OFFICE

On the 12th May 2017 our Prosser Knowles Associated Ltd, Kidderminster Office will be moving. We are very p...

The ‘new age’ pensioner

Dale Gough, financial planner at Prosser Knowles Associates, looks at the greater freedoms we have when it com...

Team development success continues

The Prosser Knowles team recently received more good news when two of our team members completed their respect...

Am I spending too much?

With Christmas looming and the inevitable spending on food and gifts that come with it, I took it upon myself...

‘A certain uncertainty’

My favourite radio station is Radio 4, I am unashamed to admit.  I start the day with the ‘Today Programme’ an...

Prosser Knowles Associates Ltd Bake Off

Inspired by the popular TV show Great British Bake Off, some of the Prosser Knowles team decided to organize P...

New Savings Implications

Are you ready for the new £1,000 personal savings allowance? And are you aware of the potential implications o...

Changing of the guard!

As one enters another one leaves is what they always say. Well, I’m not sure who ‘they’ are but it’s certainly...

Prosser Knowles Pro Golfer & Brand Ambassador – Jon Gidney

What’s it like to try and become a successful Sports Professional? Our Sponsored Pro Golfer Jon Gidney shares...

BREXIT

With the EU referendum now confirmed for June 23rd, the stage is set for 4 months of uncertainty and debate ab...