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Partnership / Shareholder Agreements

  • Buy/Sell At Death Of Partner/Shareholder
  • Keyman Considerations

  • Buy/Sell At Death Of Partner/Shareholder

    Funding a Buy/Sell agreement with a Life Insurance Plans has long been the preferred method of businesses and corporations. Simply put, the business or corporation requires immediate liquidity to buy out a partner or shareholders interest at death. These arrangements can be structured many ways depending on the individual situation; Professional Assistance should always be sought prior to implementation.
    Keyman Considerations
    The most valuable resource that a business has is its' people. The financial loss to a business at the death or disability of a key employee/owner can be harmful if not devastating to its continued success. Money is needed to provide a replacement for this individual or for the financial loss, which will be suffered by the business. The use of Life and Disability Plans provide the solution.

    Loans & Creditor Protection - Should a business owner or shareholder die or become disabled it is vital to make provisions for debts of the business or corporation. Often the loss of a key person will dramatically effect the continued profitability, as well as, the ability to obtain or maintain credit. Banks, lending institutions and suppliers might be hesitant to continuing business with the company. The use of Life and Disability Insurance Plans to avoid this occurrence is advisable.

    LifeCanada.Com is intended as an information and resource site for Canadians.

    Professional Assistance from qualified advisors is strongly recommended prior to implementation of any plan or concept contained within the site.

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