Protect Your Business

💣 Even with the best laid plans accidents & illness can strike at any time, leaving your business exposed to some devastating risks 💥 👇👇👇

☠ Forced to close:-

❌ A partnership not having a Partnership Agreement in place.

❌ Insufficient funds to buy a partner’s shares from the family.

❌ Illness: mental and or physical incapacity leading to an inability to make decisions and sign documents.

☠ Loss of control:-

❌ A partner’s shares pass to family members who then decide they want to be involved in running the business despite your wishes to the contrary.

❌ A partner’s shares pass to family members who then want to sell them to a competitor for a higher price than you can afford to pay.

☠ Not achieve a fair value of your business:-

❌ Insufficient funds in the business to pay your family true market share value.

❌ Illness: mental and or physical incapacity leading to an inability to make decisions and sign documents.

❌ No agreement in place determining the business or share value OR the basis shares are to be valued.

☠ Payment of unnecessary tax:-

❌ Your beneficiary sells their shares, losing the benefit of BPR on their death

❌ Business Relief is lost on transaction of shares on death (i.e. standard/off the shelf articles of association)

Combat this today by protecting your business from financial distress, with the correct planning and documentation in place you, your family, your business, and those in your business can be fully protected and avoid being exposed to any of the above risks.

For real protection and peace of mind seek professional advice on agreements (cross-option/partnership), business Wills, and business Lasting Powers of Attorney.

Contact us today for a free, no obligation, unbiased consultation and understand your options 👇

📞 0345 0175596

📧 info@iformlegal.com

🌐 www.iformlegal.com