Buy and Sell Agreements
Are you an owner or co-owner of a business? What will happen to your business if your business partner dies? Will your partner’s spouse become your new business partner tomorrow because he/she inherited the deceased’s share in your business or will you have the necessary funds immediately available to buy your deceased’s business partner’s shares of the business?
We can provide you with a comprehensive solution to accomplish your goal, which is to have the necessary funds available to purchase your deceased partner’s shares in your business and prevent an unwanted / unqualified new business partner becoming part of your business. A buy and sell agreement, accompanied with life cover, taken on the lives of all the owners/partners/directors/members of a business, will ensure the future of your business.
Key person assurance
What will happen to your business if a key employee should die or become disabled prematurely? Would you have the necessary funds to recruit and train a suitable replacement?
We can provide you with a comprehensive solution to accomplish your goal. Key person assurance on the life of the key employee will provide your business with the required funds to find and train a suitable replacement.
Business Contingency plan
Have you as business owner incurred certain personal liabilities by signing surety as co-principle debtor or provide surety for a loan taken out by the business? What happens to this debt that you signed for when you pass away? Will the debtors keep your estate liable for the outstanding loan if the business cannot repay the loan?
We can provide you with a comprehensive solution to settle this debt. A business contingency plan can ensure that all outstanding business loans are settled at your death.
YOUR SUCCESS
