If one of your shareholders dies or is suffering from a severe illness, their shares will usually pass to their beneficiaries.
To regain full control of the business, the surviving shareholders may need to buy the shares back. But they might not have the available capital to do this.
Partnership & Shareholder Protection aims to ensure partners can maintain control of the business in the unhappy event of a partner’s death.
It also aims ensure that the family benefit from the partner’s share of the business, and their contribution to it.