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Business Strategy

Corporate Planning

Have you ever thought about the impact of losing a business partner or a key employee through death or critical illness? St. James's Place Wealth Management can protect you against the financial impact of such events.

Key Person

The death or serious illness of a key director or employee can have far-reaching or even disastrous consequences for a business. It can result in:

  • Loss of profits
  • The recall of loans
  • Reduced capacity
  • Loss of key clients/contacts
  • Reduced practical know-how

Your St. James's Place Partner can advise you about how to provide a cash sum that will enable your business to survive in the short term while you deal with the immediate effects of the loss of a key person within your organisation. Over the longer term finance can be made available to subsidise profits whilst a replacement is recruited and gains the relevant experience.

Shareholders

As a shareholder your focus is on working with your fellow shareholders to make your business successful. If you were to die, would your beneficiaries share the same goals for the business? Your fellow shareholders may have to work with partners who have little or no interest in the business and your beneficiaries will own shares with no ready buyers.

Your St. James's Place Partner will identify your requirements and discuss potential solutions that will provide your fellow shareholders with the means to purchase your shares and allow your beneficiaries to realise the market value of your shareholding.

Summary

Having the correct insurances in place and making sure that they are regularly reviewed and updated as your business changes can be a particularly onerous task.

Your St. James's Place Partner will introduce you to a specialist corporate team who will undertake an in depth review of your business and work with you to implement a tailored insurance programme to protect your business from a wide range of risks.

If you should wish to discuss how St. James's Place could help you, please contact us for further details.