Protect What Matters Most

 A buy-sell agreement provides a plan for the orderly transfer of any owner's business interest. Consider a buy-sell agreement for your business if: You have two or more owners. You want to provide protection in the event of any owner's termination of employment, retirement, divorce, disability, or death. 

Business partner life insurance is just like any other life insurance you buy: the insurance company agrees to pay the deceased partner's beneficiary a specific amount of money. You can also have business partner life insurance that names the surviving partner or the business as the beneficiary of the policy 

Section 79 of the U.S. Internal Revenue Code sets out the U.S. Federal income tax law concerning term life insurance plans provided by employers. Tax benefits are available for both employers and participating employees, under certain conditions.

 Defined benefit plans provide a fixed, pre-established benefit for employees at retirement. Employees often value the fixed benefit provided by this type of plan. On the employer side, businesses can generally contribute (and therefore deduct) more each year than in defined contribution plans. 

In a profit-sharing plan, employees receive an amount from their employer based on company profits (rather than a specific amount outlined in a match formula). All eligible employees are eligible to receive an employer discretionary profit sharing contribution. 

A 401K profit-sharing plan gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings. Also known as “deferred profit-sharing plan.” 

 Business estate planning is a specialized aspect of estate planning that focuses on ensuring a smooth transition of ownership and management of a business in the event of the owner's death or incapacity. It involves making arrangements for the continued operation and succession of the business, while also addressing potential tax implications and minimizing disruptions to the business's operations. Here are some key considerations in business estate planning:

1. Succession Planning:
2. Buy-Sell Agreements: 
3. Valuation of the Business: 
4. Tax Planning
5. Business Continuity Planning
6. Protection of Intellectual Property and Assets
7. Coordinating Personal and Business Estate Plans