Pembroke Wealth Management: 
corporate financial planning
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 01273 774855 to arrange a full business financial planning review.
Business Protection- an overview
Many small, yet successful, businesses operate as a Partnership of one, two or sometimes more individuals - each one of them often bringing a unique and valuable skill to the table.
Should one of the partners die, his share of the Partnership or company passes on to his estate, often to a surviving spouse or children. Technically speaking, if the business is a partnership, the partnership will have to be dissolved, which may not be convenient to the surviving partners.
If the business is a Limited Company, the surviving benficiaries will inherit the deceased shareholder's share, and in so doing, will own part of,and possibly even gain a controlling influence over, the remaining business,without necessarily having the knowledge or skills to contribute to that business.
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.
There are a number of ways of doing this, includng 'Buy and Sell' agreements, and 'Cross Option' agreements. The best option will depend upon your company's circumstances and those of its potential beneficiaries.
It is important, therefore, to establish a detailed understanding of all of the relevant factors which can influence the type of agreement that you have in place and,hence,which type of agreement will be suitable for you.
For more information on Corporate Financial Planning, please contact us
