Key Person & Buy Sell Agreements
Do you know anyone who owns a company with 2 or more shareholders?
Did you know that if a shareholder passes away, the existing shareholders could loose controlling interest in the company as the family of the deceased or disabled would inherit the shares unless a plan is put in place?
We work with individuals in this situation to fund a share purchase through life and disability insurance. This policy would be defined in the buy sell section of the share holders’ agreement. The existing shareholders would inherit the deceased owners shares and the family would be paid out from the company through the life and disability insurance.
If a company has 2 or more shareholders, it is critical that the event of death and disability are planned and covered.
Schedule a free appointment to discuss your options today!