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Shareholder Protection

What is shareholder protection? This is where a small business operates as a private company and there are directors and shareholders.

The value of pensions and the income they produce can fall as well as rise, you may get back less than you invested.

SHAREHOLDER PROTECTION

Shareholder protection is similar to partnership protection, but there is no compulsion on the part of the surviving shareholders to buy the deceased shareholder’s shares from their estate. Even where they would like to, the cash is not always readily available.

THE PROBLEM IS TWO FOLD:

Possible financial hardship for the deceased’s family – there being no ready market for the shares (especially if the deceased held a minority holding) or restrictions laid down in the transferability of the shares in the company’s Memorandum and Articles of Association.

 

The surviving shareholders find themselves sharing control of their business with an outsider who may know nothing about the business.

 

WHAT IS THE SOLUTION?

As with partnership protection, a life assurance plan would enable the surviving shareholders to purchase the shares from the deceased shareholder’s estate.

Again, the type of plan and length of term will vary according to the company. Term assurance could be used to protect shareholders against death before retirement. Convertible term or whole of life plans could be considered if the shareholder wanted further protection after they have retired.

Again, the type of plan and length of term will vary according to the company. Term assurance could be used to protect shareholders against death before retirement. Convertible term or whole of life plans could be considered if the shareholder wanted further protection after they have retired.

By adjusting the shareholders remuneration, equalisation of contributions can be achieved if they are all working for the company. What is the tax situation?

The tax situation for shareholder protection is similar to the tax situation for partnership protection.

A particular general need can sometimes be met by alternative solutions. For example, family protection to provide cash in the event of death could be provided by term assurance or whole of life assurance. Protection against ill health could be provided by an accident and sickness plan or permanent health insurance.

ADVICE

We are pleased to offer consultation and advice in this complicated area and have strong relationships with specialist legal professionals who can assist with any required contracts and business trusts.

Very happy to donate some money to the Babbacombe Bay Bloomers.

They are a wonderful group of volunteers who keep St Marychurch and Babbacombe filled with wonderful flowers. Keep the planters fed and watered and dig, prune and tidy-up the beds.
Thank you for all your hard work.
If you are local and fancy donating some money or time please get in touch with them on Facebook.

BABBACOMBE BAY BLOOMERS

#babbacombestyle
#babbacombebaybloomers
#stmarychurchprecinct
#swbest
#torbayfinancialservices
#keepingitlocal
#volunteers
#helpinghand
...

Very happy to donate some money to the Babbacombe Bay Bloomers.

They are a wonderful group of volunteers who keep St Marychurch and Babbacombe filled with wonderful flowers. Keep the planters fed and watered and dig, prune and tidy-up the beds.
Thank you for all your hard work.
If you are local and fancy donating some money or time please get in touch with them on Facebook.

BABBACOMBE BAY BLOOMERS

#babbacombestyle
#babbacombebaybloomers
#stmarychurchprecinct
#swbest
#torbayfinancialservices
#keepingitlocal
#volunteers
#helpinghand

We were so proud to sponsor the U14 girls cup final last night. Congratulations to Plymouth Aspire.
What a fantastic game - such talent and totally professional. We could see great team work and quite a few to become the next generation of England Squad hopefuls.
Well done everyone 👍 👏
#torbayfinancialservices
#plymouthaspireyouth
#plymouth_aspire_girls_fc
#crediton_girls_u14s
#creditonyouth
#devonfa
#cupwinners
#professional
#teamwork
#englandsquad
...

1 week ago

Torbay Financial Services

Can we say just how proud we were to sponsor this match. The girls were amazing and totally professional. It was a cracking game with real talent and team work. Brilliant - well done everyone 👍 👏💯💪⚽🏆Crediton Youth 1-3 Plymouth Aspire Youth ...

2 weeks ago

Torbay Financial Services

It's going to be a great night for footie tonight - really looking forward to a brilliant match. ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️

We shall be keeping an eye on player of the match 🧐TONIGHT AT COACH ROAD ⚽💙

Crediton Youth 🆚 Plymouth Aspire Youth

Tuesday 14th May 📅

Torbay Financial Services Devon Under 14 Girls Cup FInal 🏆

Kick-Off - 7:15pm ⚽️
...

Its going to be a great night for footie tonight - really looking forward to a brilliant match. ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️

We shall be keeping an eye on player of the match 🧐

Tonight we are honoured to Sponsor the Torbay Financial Services Devon Under 14 Girls Cup Final.
Coach Road hosts the final as Crediton Youth take on Plymouth Aspire Youth.
19.15 kick off.

#torbayfinancialservices
#under14girlscupfinal
#crediton_girls_u14s
#plymouth_aspire_girls_fc
#devonfa
#nextgeneration
...

Tonight we are honoured to Sponsor the Torbay Financial Services Devon Under 14 Girls Cup Final.
Coach Road hosts the final as Crediton Youth take on Plymouth Aspire Youth.
19.15 kick off.

#torbayfinancialservices
#under14girlscupfinal
#crediton_girls_u14s
#plymouth_aspire_girls_fc
#devonfa
#nextgeneration
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66 Fore Street
St Marychurch, Torquay
Devon TQ1 4LX

e: PaulGinley@thinkpositive.co.uk
t: 01803 411460   m: 07891 614559

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