The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations (generally referred to by the short title The Wealth of Nations) is the masterpiece of the Scottish economist and moral philosopher Adam Smith. First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies. The book, written for the educated, is considered to be the foundation of modern economic theory.

As a company director, shareholder or partner your business is often one of your major assets. It is therefore important to safeguard the ownership of the company in the event of the death of either you or one of your business partners.

Have you thought about what would happen if one of you were to die or become critically ill?
Case Study -
Trevor Brown is a director of a freightage company and has a 33% shareholding worth £500,000. The company in total is valued at £1,500,000, and the other two directors -

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Ownership Protection
Case Study

* Would the remaining partners or shareholders have sufficient funds to buy your share in the business?
* Would your dependants want to sell your share or become involved in the business?
* If you or another owner of the business became critically ill, could somebody else purchase your share so that you could give up work?

You can ensure that the future of your business is taken care of by taking out either a Partnership Protection Plan or a Shareholder Protection Plan depending on your company status. This involves a legal agreement regarding future ownership of the business in the event of the death or critical illness of either you or another owner in the business. This is known as a cross option agreement.
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This involves a legal agreement regarding future ownership of the business in the event of the death or critical illness of either you or another owner in the business. This is known as a cross option agreement.
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Trevor Brown is a director of a freightage company and has a 33% shareholding worth £500,000. The company in total is valued at £1,500,000, and the other two directors -






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You can ensure that the future of your business is taken care of by taking out either a Partnership Protection Plan or a Shareholder Protection Plan depending on your company status. This involves a legal agreement regarding future ownership of the business in the event of the death or critical illness of either you or another owner in the business. This is known as a cross option agreement.




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This involves a legal agreement regarding future ownership of the business in the event of the death




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Have you thought about what would happen if one of you were to die or become critically ill?




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