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Business Successions
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, Lifeline Employee Benefits 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
| For more information or for a quote, call 818.774.1003 or contact us. |
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