Sound silly? Not really. If your partner dies and you don't have a buy/sell agreement in place, you could be. A buy/sell agreement is simply a contract that provides for the sale of a business interest for a specified price, at a future date, upon the happening of a future event.

Buy/Sell Agreements are generally established and funded when the owners of a business are alive and well. Funding is most often accomplished through the use of life insurance policies that are either owned by the individual owners of the company or by the company itself. For valuable information on how I can help you with this, please contact me.

 

Teresa McPherson

404-538-1038 mobile

I can think of someone that could use this info. I better......

Here are the key provisions of this new law

and how it will effect you and your business.

The joining together of two lives is joyous. It's also nerve-wracking. There are a number of adjustments couples have to make when thinking and planning for two. They may need financial protection they haven't worried about before, because spouses now depend on each other for support. In merging two households and perhaps two careers, there are choices that couples may need to make as to which spouse has the best existing insurance coverage. Now is also a really good time to shop your insurance with other carriers.

 

Young single people tend to pay higher rates for insurance. Good news, when two people get married, they probably qualify for a discount. Couples may bring two cars into the relationship and two insurance companies. Not only should you review existing coverage, but you should also compare your policy to other companies. Most companies offer a FREE quote that could save you money.                      (from iii.org)