916 Southwood Boulevard
Retention of the Business for the Family | Sale of the Business to Co-Owners, Employee or Third Party | Planned Liquidation of the Business
Without a capable family member to continue the business, it can be difficult to preserve the value of a small business interest, unless a market for the business is created prior to the owner's death or disability.
When a potential buyer for a small business interest can be identified, for example a co-owner, a key employee, or a third party, advance planning can provide for an agreement to sell your business at an attractive price. This sale agreement is often referred to as a "Buy-Sell Agreement."
There are four common ways to fund a Buy-Sell plan at the death or disability of a business owner.
The following techniques can be used in conjunction with your buy-sell agreement: Cross-Purchase, Stock Redemption, and Entity Purchase. Each situation is different; our analysis will help you decide which method is preferable for you.
Please call us at (800) 925-2050 or Schedule an Appointment with us today to discuss your situation.
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Guardian, its subsidiaries, agents and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
*All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims paying ability of the issuing insurance company. Policy loans and withdrawals affect the guarantees by reducing the policy’s death benefit and cash values.