Educate yourself about life insurance.
Have you ever heard stories about family businesses ending up in the wrong hands due to a death in the family or an owner choosing to leave the industry? We have. Nothing is worse than being forced to do business with a stranger and having no way out other than an expensive buyout. So how do you avoid that? How do you prepare for changes in the ownership of your business? With a buy-sell agreement that is funded by life insurance. A buy-sell agreement is a legally binding contract between multiple owners of [...]