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

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