Executive Benefits
Buy-Sell Funding
An entity purchase buy-sell agreement is a plan that provides for an orderly change of ownership when a business partner or stockholder in a closely-held corporation dies or becomes disabled. A funded buy-sell agreement can solve many of the problems arising at death or disability of a business owner such as predetermining a selling price of the company and providing continuous income to a disabled business owner without adversely affecting the business.
Key-Person Planning
The loss or disability of a key employee can spell the difference between the failure and survival of a business. It is extremely important to plan to ensure that there is a minimal organizational loss and fiscal strain that a loss may entail. Proper planning can make sure that a business can repay its loans, that credit can be maintained, that a replacement can be recruited and trained and that the business can be indemnified for lost sales and profits.