Shoreline Wealth and Investment Mangement  


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Business Continuation Insurance


Business Continuation Insurance addresses what will happen to the business when the owner or key employees dies or is in some other way unable to continue to contribute to the success of the business. Will heirs have enough cash to pay for estate taxes? Will other owners want to continue the business with the deceased owner's heirs?

These issues can be solved with the use of a buy-sell agreement. A buy-sell agreement is a contract between two or more parties involved in a business. The agreement can be between shareholders of a corporation, partners of a partnership, or a key employee and a sole proprietor.

The agreement obligates the surviving owners, a key employee or the business itself to purchase the interest of the deceased owner
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Advantages of a Properly Drafted Buy-Sell Agreement

Creates a guaranteed market for the business interest

Allows those who are interested in continuing the business to do so without interference from the deceased owner's heirs

Provides liquidity for the estate of the deceased owner by turning the business interest into cash

Establishes the value of the business for federal estate tax purposes
An attorney will draft the buy-sell agreement. To fund the agreement, life insurance should be considered since insurance proceeds offer the advantage of being available when needed, regardless of when the owner dies.

Shoreline's Competitive Edge
Whatever your need, protecting an business' ability to continue and contribute to the income and net worth needs of survivors or avoiding unnecessary financial hardship in the event of injury or death, business insurance is a key component of any serious wealth management plan businesses should consider. There are many plans and competitive rates Shoreline Wealth and Investment Management can assist you in obtaining.

For more information:
If you'd like more information about how diversified investment advisors can help you achieve your financial objectives through personalized wealth or retirement and risk management strategies, please contact us. We welcome the opportunity to discuss your unique needs and how we may best meet them.

This page (formatted for versions 10.0 and higher of Internet Explorer) is updated regularly so check in from time-to-time to see new articles and updates. You can click on any underlined words on each page to see a specific wealth management topic in the left margin of each page.

Charles M. Bloom, Registered Principal offers securities and advisory services through Centaurus Financial, Inc. - Member FINRA and SIPC - 775 Avenida Pequena, CA, 93111 (mailing address: 3905 State Street Suite 7173, Santa Barbara, CA, 93105) - CA Life Insurance License No. 0A52786 - Centaurus Financial, Inc. and Shoreline Wealth & Investment Management are not affiliated companies.

The information contained in this web site is neither an offer nor solicitation of any security or service.

 
 

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  Shoreline Wealth and Investment Management Phone: 800.329.4820 - Fax: 805.456.3806 - E-Mail: cbloom@cfiemail.com