Business Continuation Strategies That work for You.
Working with your other professional advisors, we create funding alternatives for business continuation and/or succession plans to protect against premature death or disability. By providing business valuation services and tax succession plans, we can help your business succeed both today and tomorrow.
Entity-Purchase and Cross-Purchase Policies
Several businesses use two common insurance policies in their continuation strategies: entity-purchase and cross-purchase. When using an entity-purchase policy, your business itself is named as the policy beneficiary. Cross-purchase policies deal with individual partners and owners who will receive benefits under the policy terms. We’ll discuss what makes the most sense for your business and personal needs to find the policy that makes the most sense for you.
Whole Life & Term Life Insurance
Another form of business continuation includes the use of both whole and term life insurance. These policies name individuals who would purchase the business as beneficiaries.
Business Continuation Strategies For Small Business Owners
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Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Pennsylvania Wealth Management and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.
This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Pennsylvania Wealth Management and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.
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