Business Continuation

Strategize,Plan,Succeed.Have you planned for the future of your Business-and your Family?Are you and your family prepared?Do you have a plan that protects your spouse and children, your partners, your employees and customers? What if you become disabled?What if you Die? Basically, three things can happen. The business may pass to your family.(But will your spouse or children be able to successfully operate it?) It may be sold to your successors.(But where will they get the money to buy it?)Or it could be liquidated and the assets sold.(But how will you make sure your heirs receive appropriate value?What if you , or a partner or key employee becomes disabled or leaves the business?Could you afford to buy a partners share?How quickly could you replace a key employee's expertise?Where would funding come from? Are you Prepared?A strategic succession plan can smooth the transition- and make your wishes come true. Working together with your accountant, attorney, and other advisors, we can help you pull together the necessary elements of a successful succession plan, including how to: 1) Establish a fair market value for your business,2) Identify possible buyers(including family members and current employees),3) Fund the transaction(and reduce the potential adverse tax consequences,4) Pay off accumulated business debt,5) Keep the plan current with constantly changing legislation At the heart of most successful plans is a carefully structuredbuy-sell agreementwhich creates a market for the business when a partner or owner dies, becomes disabled or leaves the business. The agreement can be funded in several ways-saving, borrowing or selling assets. But effective, cost efficient funding Solutions almost always include life and disability insurance, which can provide cash exactly when needed-even in the event of premature death or disability. There has never been a better time to plan then now!

If you already have a plan, it may be time to review it. If you don't have a plan, now is the time to create one. Working in concert with you and your business advisors, we will help construct a flexible, personalized, cost effective plan that will help you achieve your objectives.