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  • HOME
  • ABOUT
  • FUNDING A BUY SELL
    • Cross Purchase Buy Sell Agreement
    • Family Business Buyout Strategies
    • Family Business Succession Planning
    • One Way Buy Sell Agreement
    • Types of Buy-Sell Agreements
  • SERVICES
    • Buy Sell Disability Insurance Key Employee Person
    • Insurance for Business Partners
    • Key Man Insurance Buy Sell Agreement
    • Split Dollar Life Insurance Policy
    • Stock Redemption Agreement Funded with Life Insurance
    • Why is a One-Million-Dollar Life Insurance Policy Important?
  • FAQ
  • BLOG
  • CONTACT
BOOK A CALL
  • HOME
  • ABOUT
  • FUNDING A BUY SELL
    • Cross Purchase Buy Sell Agreement
    • Family Business Buyout Strategies
    • Family Business Succession Planning
    • One Way Buy Sell Agreement
    • Types of Buy-Sell Agreements
  • SERVICES
    • Buy Sell Disability Insurance Key Employee Person
    • Insurance for Business Partners
    • Key Man Insurance Buy Sell Agreement
    • Split Dollar Life Insurance Policy
    • Stock Redemption Agreement Funded with Life Insurance
    • Why is a One-Million-Dollar Life Insurance Policy Important?
  • FAQ
  • BLOG
  • CONTACT
  • HOME
  • ABOUT
  • FUNDING A BUY SELL
    • Cross Purchase Buy Sell Agreement
    • Family Business Buyout Strategies
    • Family Business Succession Planning
    • One Way Buy Sell Agreement
    • Types of Buy-Sell Agreements
  • SERVICES
    • Buy Sell Disability Insurance Key Employee Person
    • Insurance for Business Partners
    • Key Man Insurance Buy Sell Agreement
    • Split Dollar Life Insurance Policy
    • Stock Redemption Agreement Funded with Life Insurance
    • Why is a One-Million-Dollar Life Insurance Policy Important?
  • FAQ
  • BLOG
  • CONTACT
Buy Sell Funding

INSURING THE LIFE OF YOUR BUSINESS WITH A BUY/SELL AGREEMENT

ECF Staff Writers January 21, 2020 0 Comments

What is this buy/sell thing all about?

Life insurance is designed to help protect a household from the financial hardships that may follow at the death of a wage earner. Situations like these are common and they paint the picture of what life insurance  is all about to the general public.

But how will a death affect a small business? Businesses are entities…sure they do not breath, eat or yell at you, but they are entities with lives that can end early or continue indefinitely.

One way of safeguarding a business is to create a buy-sell agreement. A buy-sell agreement is a contract between different entities within a corporation to buy out the interests of a deceased or disabled member. A buy-sell agreement also can protect the business from loss of revenue and cover the expense of finding and training a replacement.

AboutMichael Gentilella
TERM VS. PERMANENT: WHICH DO I CHOOSE?PrevTERM VS. PERMANENT: WHICH DO I CHOOSE?January 21, 2020
BE SUCCESSFUL BY HAVING A BUSINESS SUCCESSION PLANJanuary 21, 2020BE SUCCESSFUL BY HAVING A BUSINESS SUCCESSION PLANNext

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