Business Planning

Table Of Contents Why Does An SBA Loan Require Life Insurance? What Kind of Life Insurance Policy Do You Need? Sample Term Life Insurance Rates to Cover an SBA Loan What If You Have a Pre-existing Medical Condition? How to (Properly) Set Up Your Beneficiary- A Collateral Assignment What You Should And Should NOT Do.. More

One of the initial requirements of effective business succession planning is to obtain an accurate value for the company. Once a credible business valuation is established, the proper measures to protect the company and its owner’s and shareholders can be identified. Some Business Valuation Facts Most business owners have no idea what the business is actually.. More

A stock redemption or entity buy-sell agreement is a binding agreement that is implemented by the owner’s of a business to facilitate the orderly transition of a business interest in the event of the death, disability or retirement of a business owner. With a stock redemption plan, the company agrees to purchase the interest of.. More

A wait-and-see buy-sell agreement is a hybrid agreement implemented by the owners of a business to facilitate the orderly transition of a business interest in the event of the death, disability, or retirement of an owner. With a wait-and-see plan, the business owners delay the selection of an entity plan or cross-purchase buy-sell plan until.. More

  Within a closely held corporation, shareholders are often concerned about what might occur if one of the owners dies. Will the deceased shareholder’s family retain the economic value of the corporate interest? Can the surviving owners avoid interference from the deceased shareholder’s family? Will the survivors have the economic resources to redeem the deceased.. More

A cross-purchase buy-sell agreement is a written and binding agreement wherein each business partner or shareholder individually agrees to purchase the interest of a partner/owner if one of the conditions that triggers the agreement occurs. Triggering events generally include the death, disability or retirement of a business owner or otherwise sale of a shareholder’s interest… More

A buy-sell agreement is the practical result of comprehensive business succession planning. It is a legally binding document which protects the interests of a company’s owners and permits the business to continue even in the event of the death, disability, or retirement of a business owner. A buy-sell agreement, commonly referred to as buy-out agreement,.. More

What Is Business Succession Planning? Business continuation planning, also called business succession planning, is the comprehensive process of identifying all potential threats to the long term viability of an organization and implementing strategies to mitigate these risks. Owners of successful businesses must plan for contingencies that could negatively impact their company. Do you have a.. More

Many business owners recognize the threat of losing a key person and ultimately protect their businesses with key man insurance. But more often than not, they fail to see a golden opportunity to create value by combining  the idea of retirement planning and key man life insurance. The most basic use of key man or.. More

Whether you have been in business for several years or if you are looking for capital investment to fund a start-up, the advantages to having a strong business plan cannot be understated. One of the most often overlooked Risk Management Strategies is key man insurance. Every good business has a few “key” people that are essential to the successful operations and ultimate profitability of the company. Proper business planning dictates that these key executives and employees, the ones driving the revenue for the business, should be protected. When you stop to think about aren’t your key people your real assets in your company? It is only prudent to protect these key assets.