Protect Your Business

The way that you protect your business as a big part of the reason it has value.  You take the risks that you do each day to be successful; things like insurance and legal documents are meant to both protect you (your business, your employees, your family, and your cash flow), and enhance its value at the same time.  So, ask yourself:

• Have you protected your income if you are sick or injured?
• Do you have a way to cover business expenses if you’re not able not get to work?
• Do your partners and you have a buy/sell agreement?  And is it funded properly?
• Have you protected yourself against the loss of a key employee?
• Do you have a way to pay back any business debt if one of your partners dies?
• How would you buy out your partner’s estate or beneficiaries if s/he passed away?

Addressing these will make your business more attractive to a potential buyer.

If you haven’t taken these important steps, let us know.  We can help you secure the proper amount and type of life and disability insurance.  We also can help you review your legal documents, like operating agreements and buy/sell plans.