Using Life Insurance to Fund Buy-Sell Agreements A buy-sell agreement is a legally binding contract that outlines how business ownership is transferred upon a triggering event, such as the death, disability, or retirement of a shareholder. Life insurance provides critical funding for these agreements, ensuring that the remaining owners have the liquidity to purchase the …
🔍 TCJA Expiration in 2025: Essential Strategies for Business Owners 💼 The countdown is on for the Tax Cuts and Jobs Act (TCJA), with several key provisions set to expire at the end of 2025. For business owners, this looming deadline brings a wave of uncertainty about potential changes in tax rates, deductions, and financial …
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In the business world, profit maximization has long been the reigning king. But a new wave is rising, challenging the traditional model of shareholder primacy. At the forefront of this movement are businesses embracing stakeholder governance, a framework that holds them accountable to a broader spectrum of stakeholders, including workers, communities, customers, suppliers, and the …
Building a successful business takes dedication, passion, and a whole lot of hard work. But what happens when it’s time to step back and pass the torch? Without careful planning, your legacy could suffer the fate of a forgotten office on vacation—dusty, out of touch, and eventually irrelevant. That’s where succession planning comes in, the …