Corporate
Corporate Financial Planning
Risk worth taking?
It goes without saying that companies require specialist financial planning advice.
Too many companies leave this aspect of their business to chance risking their busines in the process. Expertise is needed to plan around corporate tax requirements and any implications that arise. Companies have many specialist needs including business protection, partnership & key person protection and employee benefit schemes.
Contact us on 01529 415843 to arrange a full business financial planning review.
Business Protection:
Many small yet successful businesses operate as a partnership of one, two or more individuals, each one of whom may bring a unique and valuable skill to the table.
If one of the partners dies, his share of the partnership or company passes on to his estate, often a surviving spouse or children. Technically speaking, if the business is a partnership, the partnership is dissolved, which may not be convenient to the surviving partners. If the business is a limited company, the surviving benficiaries will inherit the deceased shares, and in so doing, will own part of and possibly even gain a controlling influence over the remaining business, but without necessarily having the knowledge or skills to contribute.
Business Shares?
It is often in the interest of all parties to put in place an agreement that allows the surviving partners or shareholders of a company to 'buy out' the interest of the deceased partner/shareholder. Such an arrangement can provide the deceased heirs with a cash lump sum equivalent to their inherited share, whilst returning ownership and control of the business to the surviving business partners. There are a number of ways of doing this, including 'buy and sell' agreements, and 'cross option' agreements. The best option will depend upon your company's circumstances and those of the potential benficiaries.
It is important, therefore, to establish a detailed understanding of all of the relevant factors that can influence which type of agreement you have in place and which type of agreement is suitable.
Contact Protect and Save:
If you would like to discuss your Corporate Financial Planning needs in much more detail then please do not hesitate to contact Protect and Save and find out just how much you could save.
You can contact us using the details located to your left or alternatively you can use the contact form located on our contact page.
Please call us on 0845 683 5054.