| Buy and Sell Agreement |
|
| Have you spent the last 20 or 30 years building up your company into a successful and profitable business? Have you pondered over what will happen to your business if you are no longer around? |
| |
| The death of a sole proprietary business owner can cripple a business. The fundamental problem is that the business may have to be liquidated upon the death of the business owner if there is no business continuation plan in place. Or in the case of a partnership, the partnership may need to be re-constituted. The share owned by the deceased partner may need to be bought out, which may require substantial funding. |
| |
| If the partners had set up a buy/sell agreement previously, the accompanying life insurance policy used to back up the agreement can be activated to fund the buy out. A buy/sell agreement binds business partners to buy out the interest of a deceased partner so that the business continues to be run by the remaining partners. Life insurance is commonly used to fund such agreements. |
| |
| Credit Protection |
| |
| |
| |
| |
| |
| |
