Business Succession Planning
Preserve your legacy.
Business Succession Planning
Our business succession team can help you mitigate business continuity risks. Your business partners may be true to their word on a handshake, but that does not guarantee their estate will have the same sentiment. Likewise, you may be happy with your business partner but don't want their spouse or estate to become your business partner. If a partner passes away or becomes disabled, business succession planning can ensure each remaining business partners maintain control of the business.
Key-person insurance is another strategy to protect your business from an unexpected death or disability. Key-person insurance covers employees that are difficult to replace or would have a significant economic impact if they passed away or were disabled unexpectedly.
Strategies
Common Business Succession Strategies
Buy/Sell Funding
Key Person Insurance
