shareholder's agreement

Business Succession Planning Part 3: Using Disability Insurance to Protect your Business Interest

Posted 22 weeks 2 days ago by Nora Dunn

Entrepreneurship

hospital

So buy now you have a shareholder's agreement in place, and it has been funded properly with Life Insurance. But what happens if an owner becomes disabled? It could mean bad news for the business. Read on...

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Business Succession Planning Part 1: What a Shareholder's Agreement Means to You

Posted 23 weeks 6 days ago by Nora Dunn

Entrepreneurship

corporation

There are way too many business owners out there who assume that their business will provide for them in retirement, without actually considering how the business should succeed them. And more business owners yet who are part of partnerships with other owners who all start as friends or family members with the best of intentions, but don't stop to consider and prepare for the inevitable - be it the death or disability of an owner, a marriage breakdown, or a falling out between co-owners. Without properly giving these scenarios due consideration and preparing for them diligently, disaster can prevail.

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