Buy / Sell Cover

If your business partner, or a major shareholder died last week, who would you be in business with today – their spouse, their children, an accountant, a lawyer or a total stranger?

An Insurance funded Buy/Sell Agreement is a means of creating cash exactly when required for the ongoing shareholder to purchase a deceased or seriously disabled shareholder’s interest in the business.

A Buy/Sell Agreement ensures that the cash is used as intended. The document can include an agreed price, or how the price is to be determined.

Shareholder/partnership protection is designed to provide a predictable outcome in the event of a crisis, and the smooth handover of control and ownership, on the death or disablement of a shareholder.

Control of the business is retained by those in the business and the family of the deceased/disabled are treated fairly.

About Heirloom

If you want to find out more please get in touch with us and one of our team members will happily talk you through it.