The loss of an owner or critical employee to death, disability or retirement is a constant risk for all closely held businesses. Imagine you were removed from the picture yesterday..... What would happen to the business? Who would take over management of the enterprise? Would your family be able to pay the estate taxes? (Up to 60% of the IRS’s valuation of your business!) Who would end up owning what? Would creditors be pressing for payment out of fear for the company's future?

With a good business continuation plan, you will be able to answer these questions with confidence, and know that the mechanisms for funding these transitions are in place.

A properly crafted buy-sell agreement is one of the most powerful tools for managing the transition of a companies ownership - An Introduction to Buy-Sell Agreements discusses the components and benefits of a typical agreement. Forms of Buy-Sell Agreements explores the four basic forms these agreements take while Funding of Buy-Sell Agreements looks at the basics of how life insurance can be used to make sure the funds are available to allow the ownership transfer to equitably occur and to meet tax liabilities. Our Business Continuation Services Page explains some of the ways Wayne W. Kollas, Inc. can assist you in developing or reviewing your business continuation plan.

An Introduction to Buy/Sell Agreements
Common Forms of Buy/Sell Agreements
Funding of Buy/Sell Agreements
"Keyman" Insurance
Succession Planning