Business Planning

Buy Sell and Business Transfer

Have a plan in place for when an owner or key shareholder retires, becomes disabled or passes.

Plan Ahead

Here is a simple solution for exchanging ownership:

Step 1 - Create a buy-sell agreement.
This is a binding contract governing what happens to an owner’s or shareholder’s interest in the company under specific circumstances. It provides terms and a valuation methodology for the transfer of that person’s portion of the business to a designated buyer.

Be Proactive.

Step 2 - Purchase a life insurance policy.
This will provide the cash needed to purchase the departed owner’s interest in the company.

This gives peace of mind for the owner - ensuring that their assets are valued appropriately and can be transferred to their estate. It also gives peace of mind to the remaining owners, who can retain control of the business without interference from outside parties.