As the owner or operator of a successful business, you probably live mostly in the present. Keeping clients satisfied, retaining employees, and maintaining profitability take up a lot of hours in your week. But do you wonder what would happen to all you have worked for if something happened to one of the owners? Without a plan in place, you could end up in a world of financial trouble and uncertainty.
Secure the future of your business before it’s too late
If you want to be certain of what will happen to your business when circumstances force a change in ownership, a buy sell agreement is essential. Connie Phillips Insurance is an independent insurance and financial services provider, and we’re known throughout the Mid-Atlantic states for our commitment to helping clients with their money. When you work us, you’ll be treated like you’re our only client, not rushed into buying something and sent on your way.
A buy sell agreement can be needed when a co-owner:
- Passes away
- Is forced to leave the business
- Chooses to leave the business
A buy sell agreement is a good idea for businesses of all sizes, from small partnerships to large corporations. Hardship doesn’t target certain industries, either; no matter how you make money, you should keep in mind the risks of the future. The cost of a buy sell agreement is negligible compared to the financial problems you may face if you don’t have one.
If you’d like to get a buy sell agreement to give yourself and your partners peace of mind, contact the experts at Connie Phillips Insurance. We can be reached by phone at 888-439-0479 or you can stop by our offices in Frederick, Maryland and Tidewater, Virginia. And as always, you can always get a free quote by filling out our form.