Friar Gate
independent financial services ltd


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 business 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 01332 380691 to arrange a full business financial planning review.

Business Protection

Many small yet successful businesses operate as a partnership of one, two or more individuals, each one of which often brings a unique and valuable skill to the table.

If one of the partners dies, his share of the partnership or company passes on to his estate, often a surviving spouse or children. Technically speaking, if the business is a partnership, the partnership is dissolved, which may not be convenient to the surviving partners. If the business is a limited company, the surviving beneficiaries will inherit the deceased shares, and in so doing, will own part of and possibly even gain a controlling influence over the remaining business, but without necessarily having the knowledge or skills to contribute.

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 or 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 partners or shareholders. There are a number of ways of doing this, including buy and sell agreements and cross option agreements. The best option will depend upon your companies circumstances and those of its potential beneficiaries.

It is important therefore to establish a detailed understanding of all of the relevant factors that can influence which type of agreement you have in place and which type of agreement is suitable.

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The information contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK only.
Friar Gate Independent Financial Services Limited is registered in England and Wales number 05071304. Registered office address; 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG. Friar Gate Independent Financial Services Limited is authorised and regulated by the Financial Conduct Authority (www.fca.gov.uk/pages/register). Financial Services registration no: 401484. Taxation and trust advice is not regulated by the FCA.