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Shareholding Transfer on a Director’s Death
To work for the new owners of a deceased co-director’s
shares
can be very dispiriting. With a little careful planning, you
can make
sure continuing directors are given the option and the means
to pay
for a deceased director’s shares. The remaining directors
retain control,
increase the value of their own investment in the company
and are more
motivated to continue growing the business. Dependants of
the deceased
director receive cash for the shares when they need it most.
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