Do you have a buy sell agreement in place yet for your small business? If not, make sure to set one up so you are prepared for business continuation. #SWAN #KSWZ #5RF #peaceofmind #Lifeinsurance #livingbenefits If you're a business owner, you may not have planned sufficiently for the future if a buy-sell agreement hasn't been drawn. A buy-sell agreement decrees how a business, or share of a business, will be transferred upon death, disability or retirement. A buy-sell agreement can be between partners, between a business entity and its stockholders, or between an owner and a key employee. It predetermines who will receive a business or its share, how the sale or transfer will be funded and it provides a means for paying personal estate taxes after the transfer.
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