BUY-SELL AGREEMENT

When business ownership changes hands, the timing can be expected (retirement) or unexpected (death or disability). In either case, owners have a duty to prepare for a graceful exit, and that means setting the terms of the transition in advance.

A buy-sell agreement spells out who's buying, who's selling, and how much it's going to cost - before the fact. That way, owners receive the full value of their interests, new ownership falls into the right hands, and the business never skips a beat. To fund the cost, we can help you decide how much your business can comfortably absorb, and how to economically insure the balance. Plus, we'll help see that ownership:

•  Control ends up in the right hands

•  Value is settled for estate purposes

•  Interests are paid in cash

•  Transfer agreements are suitable and clear-cut

KEY PERSON LIFE INSURANCE: