Integrating Business Protection with Cross Options & Shareholder Agreements

Introduction

In today’s fast paced business world, solicitors sometimes become overly focussed on the commercial aspects of deals or corporate structuring work, to the exclusion of smaller details which are nonetheless very important.

One issue that often slips the radar is what happens to shares in the unfortunate event that a shareholder becomes unwell or even passes away.

This scenario falls under the ambit of business protection, and it is important that corporate clients are aware of the issue and take proactive steps to deal with it.

Expert speaker Iain Sim will consider the key tools and techniques that can be used and will offer pragmatic hints and tips to help equip participants to provide better and more commercially aware advice to their corporate clients.

What You Will Learn

This webinar will cover the following:

• The key risks to a business of a shareholder becoming incapacitated or passing away
• The importance of planning ahead and being strategic
• An introduction to two strategies - cross option agreements and insurance
• An overview of cross-option agreements including single and double option agreements, and the advantages of signing one
• Cross option specifics including how an agreement is written and its impact on Business Property Relief
• Cross option agreements and critical illness including critical illness cover
• How to value shares for a cross option agreement

This webinar was recorded on 13th June 2024

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