Given the growing number of risks a company faces, your business will need a documented procedure and resources to keep the impact to a minimum. Is your company Prepared?
An advance plan that specifies the terms by which a business owner's interest is transferred in the event of:
Retirement
Death
Disability
Dissolution or Sale
Advantages to Deceased Business Owner's Family
Protects the interests of the shareholder's family.
Family receives a fair, predetermined price for the business.
Family is free from business concerns.
Probate process settled more quickly (value established).
Advantages to Surviving Shareholders and Business
Timely transition of ownership
Effective business management
Payment terms for sale predetermined
Methods to Fun the Purchase for Death, Disability or Retirement
From business cash flow
Establish a sinking fund
Insurance programs
Insurance Ownership Arrangements
Corporate (or Entity) Owned
Individually Owned
Cross Ownership
Collateral Assignment Method
Third Party Ownership
Trusted Agreement
Trust Ownership
General Partnership
Qualified PSP
Finding the Plan with Insurance
Life Insurance
Buy-Out Insurance
Key Person Insurance
Executive Benefit Life Insruance *
Disability Insurance
Buy-Out Insurance
Business Overhead
Reducing Term
Qualified Sick Pay *
Voluntary Income Protection *
* Fringe Benefit Program
Types of Buy-Sell Agreements
Corporate Stock Redemption
Cross Purchase Agreement
Wait & See Buy-Sell Plan
For More Information on how RoseMark can help you.
