Business Transition and Continuation Plans

Have you taken the steps to ensure that your business will continue to run smoothly if you were to lose a business partner? Have you considered what will happen in the event of divorce, disability or even worse, death?

A buy-sell agreement can establish the value of the business, assure that there is a buyer for the business and improve creditworthiness of the business. Think of a buy-sell agreement as a formal exit strategy that ensures everyone is treated fairly, the business is in a position to continue and the family is well cared for. With a buy-sell agreement, the business owners enter into the agreement today that sets out the terms and conditions of the sale of their business interest at some point in the future.

These terms and conditions may include (but are not limited to) who will purchase the interest, what triggers the buyout, when the sale will take place, the value of the interest, how the purchase price will be paid and more.

Van Saun Financial can help you protect yourself and the future of your business.

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Sam Van Saun will help you develop long-term strategies for your business