Planning for the Future?

Business Continuation:
- Questions to answer when considering a business continuation plan:
  - What’s the value of your business?
  - How will your business be valued by IRS?
  - Who would run this company in the following events?
    - - Disability of owner
      - Death of owner
      - If one partner wishes to sell
      - Retirement of one owner
  - Would they take care of my family the way I envision?
  - Would the key employees stay?
  - Would creditors call notes or close lines of credit?
  - Would a probate judge handle the affairs to my liking?
  - Would key customers feel neglected and find service elsewhere?

What are some solutions to these issues?
- Buy / Sell Agreements
  - Cross-Purchase Agreement
  - Stock Redemption

Key Person Insurance
- Should you consider “Golden Handcuffs” for any employees?
- What if that employee were to die or leave unexpectedly? How would you handle:
  - Retaining key customers
  - Paying a replacement, and possibly needing a signing bonus
  - Hiring a search firm
  - Picking up the slack until a replacement is found

How to get started on your Business Continuation Insurance quote

To get started on your quote, call our office or click over to our quotes page.

Either way we’ll make the process simple!