How To Funding Buy Sell Agreement with Life Insurance in Right Way
Is your business incorporated and does it consist two or more share holders? Then you need a buy and sell agreement. Many business owners overlook to put their own health conditions as part of your financial plan. Is your business is ready and completely prepared for critical illness, disability or death of one of its partners or owners ? In case you lose a partner or business owner, you business can go downfall due to loss of sales or trust from your creditors. In some case your business can go even bankrupt. >> Get advice from a business life insurance advisor here Consider these frequently happening situations: · Close down the business - after all the time, energy and money invested, this may not be a practical option · Continue the business with a new partner (i.e., spouse of the deceased) · Sell your shares - who will buy them and at what price? · Purchase the shares from the deceased owner's estate Buy and Sell Agreement is Your