Business Continuation
Business Continuation
Minimize the risk if death, disability or critical illness were to happen to a key person or shareholder of the business.
Who's this for?
- Key Person
- Shareholder
- Buy Sell Arrangement
- Business Loan/Overhead Risk
Benefits
- Retain Key Employees and Shareholders
- Minimize the impact on your business if key employees, shareholders or business owners were to become disabled, critically ill or die
- Retire or lower debts if key employees, shareholders or business owners were to become disabled, critically ill or die
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Why A Buy-Sell Agreement Is Vital For Your Business
A buy-sell agreement is a legally binding document that sets out what must happen to a business if one or more of the owners is no longer involved. It is crucial for businesses as it protects both shareholders and the business itself in the event of a partner’s departure. A buy-sell agreement provides many benefits, including maintaining business continuity, minimizing disputes between remaining co-owners and the family of the departing owner, decreasing stress and uncertainty for all business owners, and protecting business assets and liquidity with a solid financial and tax plan.