Protecting your business is our business.
- If you, a business partner or an employee become disabled, would you continue
paying a salary during this time?
- How much could you pay? For how long?
- Will you have the necessary funds to cover rent, payroll, and other operating expenses?
- If a disability causes a partner to the leave the business, would sufficient funds be
available to purchase that ownerâs interest in the business? Who would decide when an
ownerâs disability meets the terms of a buy-sell agreement?
Whether large or small, whether organized as a corporation, a partnership, a limited liability company or a sole proprietor, you must be prepared for that day.
Having a strategy for retirement, disability and death is crucial for a smooth transition and future success â¦ for you, your associates, your families, your employees and your business. For most of us, suffering a sudden disability is unimaginable, especially if we have always enjoyed good health.
Disability insurance reimburses the buyers of the business with tax-free benefits, and itâs instrumental in determining when an owner is totally disabled.
Assess your preparedness to protect what you and your associates have worked hard to build.