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Business Continuation
Owners invest time, energy, and money to grow their businesses into a vibrant enterprise. It provides income for them and their families, jobs for their employees and it contributes to their community. But without proper planning, it could all disappear if an owner dies, becomes disabled or retires.
Have you thought about what will happen to your business? This is probably one of the toughest issues that you will have to face as a business owner. Proper planning is absolutely essential.
- Buy-Sell Agreement
A buy-sell arrangement is a contract that identifies a buyer, sets a fair price for the buy out, and obligates the buyer to buy and the seller to sell at that price. A buy/sell arrangement, funded with insurance, may be the most important step you can take in securing your financial future and the continued operation of the business, which you have worked so hard to make a success.
There are many ways to set up business continuation plans; the strategies differ on who buys out whom.
Contact us for more information.