Quick Tip #19 – The Value of Planning Ahead


When you own your own business, you want to consider the various ways to cover the risks your business faces as well as ways to protect your employees. A financial security advisor can help you plan ahead to protect your business. For example, using insurance can help:

  • Fund a future capital gains tax on the shares of the corporation at death of the owner
  • Fund a buy-sell agreement at the death of one of the co-owners of the business
  • Provide key person coverage
  • Provide long-term debt retirement coverage in the event of the death of an owner or key person
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s