LMB Insurance Inc. helps private companies plan the transition of shares in the event of the death or disability of a shareholder, thus ensuring business continuity and protecting human capital.
Why is a shareholder agreement essential?
· Prevents financial and legal complications during an unforeseen transition.
· Ensures a clear distribution of powers and responsibilities.
· Facilitates the redemption of shares for surviving shareholders.
· Provides families with a guarantee of the fair value of the shares.
The role of insurance in the shareholder agreement:
· Life and disability insurance effectively finance the purchase or sale of shares in the event of an unforeseen event.
· A tax-efficient solution to cover inheritance obligations without impacting the company's financial stability.
LMB Insurance Inc. supports managers in implementing a strategy tailored to their company's needs.
Contact us today to secure your organization.