How Can You Protect Your Business from the Financial Impact of Losing a Partner?
Imagine your business is valued at $2 million, and a key partner holding a 30% share faces an unexpected disability or passes away. Without a plan in place, you could face financial strain to buy their share, or worse, find yourself working with their family as new business partners. This uncertainty can disrupt operations and jeopardize your company’s future.
Why do you need it?
A Buy/Sell Agreement, backed by partnership insurance, is essential to protect your business in these situations. Here is how it works and why it is crucial:
- Ensuring continuity: This agreement allows for the seamless transfer of shares to remaining partners, maintaining stability and avoiding operational disruptions.
- Fair compensation: The departing partner’s family receives the fair market value (FMV) for their share, ensuring they are treated fairly.
- Keeping ownership in trusted hands: The Buy/Sell Agreement and partner insurance prevent unwanted or unqualified parties from becoming shareholders.
- Insurance-funded solution: Partnership insurance or buy/sell agreement funding provides the financial resources needed for the buyout, eliminating stress and ensuring a smooth transition.
How we can help:
At WiseInvest™, we specialize in advising and funding Buy/Sell Agreements with tailored buy/sell insurance solutions. We can help you:
- Identify the best structure of Buy/sell agreements for your business.
- Secure agreement funding by insurance for efficient and reliable funding.
- Protect your company’s future and ensure seamless transitions.
Secure Your Business Today
Don’t leave your business’s future to chance. Contact WiseInvest™ to explore partnership insurance and Buy/Sell Agreement funding that safeguard your stability and ensure smooth ownership transitions.
Our Process
UNDERSTANDING YOUR NEEDS
Discovery Phase
We start by listening, getting to know your goals, challenges, and opportunities. This is where we lay the foundation for a strategy that truly fits you.
1
DESIGNING A TAOLORED PLAN
Planning Phase
With a clear picture of your needs, we craft a customized plan designed to grow, protect, and transfer your wealth efficiently.
2
BRINGING THE PLAN TO LIFE
Implementation Phase
We put the strategy into action, ensuring everything is executed smoothly and effectively. We're with you every step of the way.
3
STAYING ON TRACK
Review Phase
Life changes, and so should your plan. We conduct regular reviews to adjust and refine your strategy, keeping you on course toward your financial goals.