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Partnership Protection

Partnerships are based on people working together and pooling resources and skill-sets to create a business, however each partner’s share of the business remains their own.

Should one of the partners die, the remaining partners have no automatic share or claim on the deceased partner’s business assets.

Naturally, the remaining partners will want to keep the business running whilst dependants of the deceased partner will want to receive a fair payment if they were to relinquish the share of the business that has been passed to them.

Partnership Protection allows business partners to make financial provisions in the event of the death or serious illness of a partner, meaning that -

  • An agreed price is paid for the deceased/critically ill partner’s share of the business
  • Control of the business remains with the original partners
  • The deceased’s beneficiaries will receive immediate payment
  • Loans required to buy the deceased’s share of the business are avoided
  • You retain the confidence of employees, customers and suppliers
  • You may invite a new partner into the business

For more information about Jeffreys Henry Financial’s Partnership Protection options, please call 020 7371 5244 or email info@jeffreyshenryfinancial.co.uk

 

Contact Us

Jeffreys Henry Financial Services
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel: 020 7371 5244
Fax: 020 8371 3112
E: info@jeffreyshenryfinancial.co.uk

 

Jeffreys Henry Financial Services Limited is an appointed representative of Vintage Wealth Management Limited which is authorised and regulated by the Financial Conduct Authority. Number 593380.  Incorporated in England and Wales.  Company number 03824520.  Registered Office: 5-7 Cranwood Street, London, EC1V 9EE. Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

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Contact

Tel: 020 7371 5244
Fax: 020 8371 3112
E: info@jeffreyshenryfinancial.co.uk