The One-Way Buy-Sell Agreement
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The One-Way Buy-Sell Agreement
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The One-Way Buy-Sell Agreement
Host: Thomas J. Perrone, CLU, CIC
In this episode of Building and Protecting Your Business Worth, Thomas J. Perrone discusses the one-way buy-sell agreement and how it can help business owners address the financial and ownership consequences of an unexpected death.
The discussion focuses on the importance of having a clear plan for transferring a business interest, providing liquidity to a deceased owner’s family, protecting the continuing business, and properly funding the agreement.
A buy-sell agreement is only part of the solution. Business owners also need to consider how the obligation will be funded and whether the funding remains adequate as the value of the business changes.
The key message is simple: Don’t wait for a death or other unexpected event to determine what happens to your business. Plan for the transition before the crisis occurs.
Building and Protecting Your Business Worth with Thomas J. Perrone, CLU, CIC provides practical strategies for helping business owners build, protect and ultimately transition the value they have created.
tperrone@necgginc.com
www.bpbpgrp.com/tom
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