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Insurance Funded Buy / Sell Agreement
When the unforeseen happens ensure you have the funds to purchase a deceased partner’s ownership in your company.
A well-thought out Buy/Sell Agreement with the co-owners of your business is essential in ensuring a smooth transition of ownership when one of the owners dies or cannot continue in business because of a disabling illness. Having the proper life insurance in place will provide you and your business partners with the money to buy a deceased partner’s shares if the unforeseen happens.