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.
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.
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.
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