What happens if last night a key shareholder
Died? Had a stroke? Car Crash?
The Seven Typical Stages of
Shareholders Contingency Arrangements
SHE'LL BE RIGHT
MORE MONEY TO FIGHT OVER
NO FOLLOW THROUGH
An agreement has been completed and put in place however there are usually two major factors:
a) The agreement has significant technical shortcomings.
b) The agreement has not been reviewed regularly, usually since inception, and so values and changed circumstances are not taken into account.
Either or both of the two aspects mean that the arrangements which everybody thought were in place are worse than useless.
ARE YOU HERE?
There is a good practical agreement backed by insurance in place and this has been regularly reviewed and kept up to date.