Shareholder Protection and Key Person Insurance for your Business
Majority shareholders may have important voting rights that directly affect the running of the company. In the event of a majority shareholder’s death, these rights would normally pass to the deceased’s dependants. This could affect the company in two ways:
business protection insurance
If you are in business, failure to protect your company, partnership and key staff could have disastrous implications in the event that one of you dies prematurely or becomes ill and couldn’t work. Detailed below are some different scenarios that you should consider.
Shareholding directors of a private limited company
The death or permanent disablement of a shareholding director could have a serious impact, both on the future of your business and on your family. So what are the main points you need to consider?
Majority shareholders
Majority shareholders may have important voting rights that directly affect the running of the company. In the event of a majority shareholder’s death, these rights would normally pass to the deceased’s dependants. This could affect the company in two ways:
- The dependants now have the right to a ... http://insurance-a.ucoz.com/news/business_protection_insurance/2013-05-27-2347
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