Podcasts about buy sell agreements

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans, Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan .Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/949-412-3534Cameron@ FederalEmployeeAdvocates.netPlease be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-cameron-bryant-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans, Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan .Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/949-412-3534Cameron@ FederalEmployeeAdvocates.netPlease be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-cameron-bryant-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates

In this episode, we ask: Have you subscribed on YouTube and/or your favorite audio platform? Could your business survive without you? Why do most small businesses fail to survive after a generation? Are you thinking long range with your business? When was Hoshi Ryokan in Japan founded? What is a buy-sell agreement? What are the...

A recent Supreme Court decision in Connelly v. United States has sent shockwaves through closely held businesses employing life-insurance-funded redemption-type buy-sell agreements. In this episode, we break down the case, the tax implications, and why the IRS may not respect your agreed-upon valuation. Discover why it's critical to review and, if necessary, restructure your buy-sell agreements to avoid unexpected estate tax burdens. We'll explore alternatives like cross-purchase agreements and address key considerations for life insurance ownership. Don't miss this discussion for business owners and advisors alike! If you're thinking, "I love the Big Picture Retirement podcast!” please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode! Also, if you haven't done so already, follow the podcast. We add new content every week, and if you're not following, you'll likely miss out. Follow now!  Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517  Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and click on the “Ask A Question” menu selection.  Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.  Contact Devin's team at https://www.carrolladvisory.com/  Contact John's team at https://www.rossandshoalmire.com/     

Brent chats with Paul Hood about what the world looks like for buy sell agreements after the US Supreme Court's decision in Connelly. They discuss how, if at all, the decision changes existing law, what business owners should think about for business succession planning, and where the case leaves us going forward.

Welcome to this third and final installment of our educational series on structuring business for tax efficiencies.  In the previous sessions, we covered the complexities of C Corporations, including their benefits, drawbacks, and scenarios where they might be appropriate. In this episode, Matt and Stuart Sorkin, a seasoned attorney, CPA, and founder of Business and Legal Advisors, LLC, focus on Buy-Sel Agreements highlighting their importance and addressing common misconceptions. This topic is especially beneficial for business owners working with partners, employees, or family members who are shareholders as they learn a few practical strategies to help protect against unexpected events that could shake up ownership or create challenges for the business. Matt and Stuart also talk about: (01.29) Is succession planning the antithesis of a business owner's strengths? (02:03) What is the Monte Carlo Analysis? (04:41) The question that will help you define your true business value (12:45) Why should business owners have Buy-Sell Agreements? (15:54) Why Stuart is a big proponent of always having a reverse offer (22:55) The agreement that Stuart missed which led to 7 years of litigation (29:51) Two types of insurance business owners must always consider (31:14) The issue with third-party financing (33:12) The one requirement to ensure growth and maximize the value of your business (33:58) Why it is crucial to build a team to help plan for your business's future Connect With Stuart Sorkin Website: https://businessandlegaladvisors.com/ Personal Website: https://stuartsorkin.com/ Phone: (301) 320-1152 Email: info@businessandlegaladvisors.com LinkedIn: https://www.linkedin.com/in/stuart-sorkin-84a528/ Schedule a call with Stuart: https://calendly.com/stuart-sorkin Connect With Matt DiFrancesco: matt@highliftfin.com (814)201-5855 LinkedIn: Matt DiFrancesco LinkedIn: High Lift Financial Facebook: High Lift Financial  Instagram: @high_lift_financial Youtube: @highliftfinancial About the guest: Stuart H. Sorkin is the founder of Business and Legal Advisors, a firm that assists small and mid-size businesses with growth strategies.  With over 40 years of experience as an entrepreneur, CPA, and attorney, he specializes in business entity formation, mergers and acquisitions, tax and estate planning, and asset protection.  He co-authored Expensive Mistakes When Buying & Selling Companies…and How to Avoid Them in Your Deals and has been featured in publications like the Wall Street Journal and USA Today.  Stuart also serves on the Board of Trustees for the Jack R. Anderson Charitable Foundation. He holds a B.S.B.A. in Accounting and Finance, a law degree, and an LL.M. in taxation. Disclaimer: All information is obtained from sources deemed reliable, but not guaranteed. No tax or legal advice is given nor intended. Content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here. High Lift Financial is a DBA for DiFrancesco Financial Concierge, LLC. Investment advisory services are provided through Cornerstone Planning Group, LLC, an independent advisory firm registered with the Securities and Exchange Commission.

Buy Sell Agreements: What You Need to KnowThis episode of our show is taken from actual sessions we've conducted in Exit Success Lab with business owners and the professionals who advise them. If you'd like to be a part of these sessions and increase the value of your business, apply for membership by calling: 1+786.436.1986.In this show, we explore the essential topic of buy-sell agreements and why every business owner must have a well-structured one in place. Our discussion begins with Harry Cendrowski and John Alfonsi addressing the common scenarios where business owners either lack a buy-sell agreement or have one that fails to meet their business needs.Harry Cendrowski and John Alfonsi are seasoned experts in business advisory, and they provide in-depth insights into the importance of buy-sell agreements in safeguarding business continuity, especially during unforeseen events like the departure of a key partner, death, or retirement. In this video, they break down the complexities and offer practical advice on how to create a robust agreement that addresses both current and future business goals.Key Topics Covered:What is a Buy-Sell Agreement? A foundational document that outlines how ownership changes hands in the event of key transitions like death, disability, or retirement.  The Consequences of Not Having One:What happens when business owners don't have a buy-sell agreement or have one that is outdated or inadequate?Common Mistakes in Existing Agreements:Harry and John discuss the most frequent errors business owners make when drafting these agreements and how to avoid them.Tailoring an Agreement to Fit Your Business:Learn why a one-size-fits-all approach doesn't work and how to customize a buy-sell agreement to align with your specific business structure and objectives.Steps to Crafting an Effective Buy-Sell Agreement:Practical advice on key provisions, funding mechanisms, and legal considerations that should be included to ensure the agreement is comprehensive and effective.This episode is a must-listen for business owners, partners, and advisors looking to protect the future of their businesses through sound legal and financial planning.

Lessons from Huffman v. Commissioner, when a son exercised an option to purchase stock from his parents, ignoring a buy-sell agreement in the family business. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing, and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-w-cameron-bryant-founder-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates-never-running-out-of-money-in-retirement

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing, and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-w-cameron-bryant-founder-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates-never-running-out-of-money-in-retirement

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/ Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-w-cameron-bryant-founder-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates-protecting-your-retirement-funds

Cameron has over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://federalemployeeadvocates.com/Cameron/https://www.linkedin.com/in/cameron-bryant-48b51014/ Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-w-cameron-bryant-founder-of-found-revenue-solutions-retirement-specialist-at-federal-employee-advocates-protecting-your-retirement-funds

Don't miss this week's episode featuring Mark Hume as he explores the benefits of buy-sell agreements for businesses. Tune in to discover how these agreements can strengthen your company when implemented correctly.   Mark Hume, CFP® Senior Vice President Wealth Consultant Email Mark Hume here Fi Plan Partners is an independent investment firm in Birmingham, […] The post Maximizing Value in a Buy-Sell Agreement first appeared on Fi Plan Partners.

Join Patrice Miles, BOP Business Coach, and Sam Wheeler from State Farm, as they discuss Navigating Buy-Sell Agreements for Business Success on the latest Tuesday Tools On Purpose podcast! Learn how to protect your business and ensure a smooth transition with the right agreements in place. Contact information: Patrice Miles Business Coach, Business On Purpose patrice@mybusinessonpurpose.com Discovery Call: https://bit.ly/patricediscovery Sam Wheeler, State Farm Office Number: 502 459 9700 Mobile number: 502 753 9833 https://www.planwithsam.com/ Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos? Take the assessment to find out which areas you can grow and improve on. Take our Healthy Owner Business Assessment HERE➡️ http://bit.ly/healthybusiness1 SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️ https://www.youtube.com/channel/UCbPR8lTHY0ay4c0iqncOztg?sub_confirmation=1

Have you ever wondered how to truly build and enhance the value of your collision shop? Building your business's value can be a complex process due to various factors. It involves understanding and adapting to market dynamics, managing finances effectively, streamlining operations, maintaining customer satisfaction and so much more.  Fortunately, with the right strategies and tools, you can simplify these complexities and maximize your business's value, paving the way for a successful exit. At the Wreck Week Conference last June, Matt DiFrancesco broke down this complex process into a three-step journey for collision shop owners.  Join Matt in the second installment of his three-part series, where he explores the concept of using a GPS approach to build business value and explains why having a business continuity plan is crucial for all entrepreneurs. Matt also talks about: (00:30) The first step in building value in your business (03:11) What Matt loves about the collision industry (03:53) How to assess your starting point (04:38) Two ways to close your value gap (05:48) What is business continuity? (06:56) Four areas to consider when putting together a business continuity plan (08:57) The importance of having a Buy-Sell Agreement (11:02) The problem with “cookie-cutter” valuations (12:18) How often should agreement and other documents be reviewed? (17:07) Why stay bonus plans are great for key employee retention  (22:28) The benefits of choosing a C-Corp structure Connect with Matt DiFrancesco: matt@highliftfin.com (814)201-5855 LinkedIn: Matt DiFrancesco LinkedIn: High Lift Financial Facebook: High Lift Financial  Instagram: @high_lift_financial Youtube: @highliftfinancial Disclaimer: DiFrancesco Financial Concierge, LLC, d/b/a High Lift Financial, is a Pennsylvania-registered investment advisor and may conduct investment advisory services in states where it is registered, exempt, or excluded from registration. The content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed.  Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.

Do you run a small business with partners? In this episode, our team discusses a new Supreme Court ruling that could affect your buy-sell agreement and tips for protecting your family in case the worst happens.

Host Ericka Adler and Roetzel attorney David Hochman dive into the topic of buy and sell agreements between shareholders/members and the impact of the recent United States Supreme Court decision in Connelly v. United States. David sheds light on the case details and the unexpected outcome that ensued. He also explores the importance of appraisals in structuring buy/sell agreements and why establishing a separate partnership or trust to own insurance policies on the lives of shareholders/members can be beneficial. David also shares insight on evaluating your buy/sell agreements funded with life insurance and ensuring the formulas remain relevant. Finally, David and Ericka discuss the significance of ongoing communication with financial and legal advisors to keep corporate agreements updated and consistent with business objectives. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/

Join host Ericka Adler and Roetzel attorney David Hochman on this episode of #HealthLawHotSpot as they dive into the topic of buy and sell agreements between shareholders/members and the impact of the recent United States Supreme Court decision in Connelly v. United States.  David sheds light on the case details and the unexpected outcome that ensued. He also explores the importance of appraisals in structuring buy/sell agreements and why establishing a separate partnership or trust to own insurance policies on the lives of shareholders/members can be beneficial.  David also shares insight on evaluating your buy/sell agreements funded with life insurance and ensuring the formulas remain relevant.  Finally, David and Ericka discuss the significance of ongoing communication with financial and legal advisors to keep corporate agreements updated and consistent with business objectives.

John D. Colucci, Esq., of McLane Middleton, Professional Association, shares insight on the purpose that buy-sell agreements serve, excerpted from MCLE's 10/12/2023 live webcast: Deconstructing & Negotiating Buy-Sell Agreements. The full program is available as an on-demand webcast or an MP3 here.  Get 24/7 instant access to hundreds of related eLectures like this one—and more—with a subscription to the MCLE OnlinePass. Learn more at www.mcle.org/onlinepass and start your free trial today! Connect with us on socials!Instagram: mcle.newenglandX (Formerly Twitter): MCLENewEnglandLinkedIn: Massachusetts Continuing Legal Education, Inc. (MCLE│New England)Facebook: MCLE New EngalndThreads: mcle.newnengland

Over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://www.linkedin.com/in/cameron-bryant-48b51014/Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-cameron-bryant-founder-of-found-revenue-solutions-senior-retirement-specialist-at-federal-employees-services-association

Over 33 years of experience in working with Business Owners, Seniors, Federal employees, and Franchisees in the planning and development of Tax-Favored Retirement plans, Living Trusts, Buy/Sell Agreements, Executive Bonus Plans Marketing and Wellness Benefit programs. I was able to work exclusively with the Franchisee of 7-11, Mobil, Shell, Hallmark, and Yamaha to create personal as well as business Retirement Plans. Working now exclusively with Federal Employees and retirees in helping them understand their benefits and helping them to retire with a sound and stable plan.Learn More:https://www.linkedin.com/in/cameron-bryant-48b51014/Please be advised that any information provided in this correspondence shall not be construed by any person as legal, tax, investment, or accounting advice. This message and any accompanying attachments may contain confidential, legal, and/or privileged information.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-cameron-bryant-founder-of-found-revenue-solutions-senior-retirement-specialist-at-federal-employees-services-association

This episode dives into buy-sell agreements, a crucial tool for business partners. We'll explore how life insurance and premium financing can work together to ensure a smooth ownership transition in the event of a partner's death or disability. Tune in to learn how to protect your business and your loved ones.

This episode dives into buy-sell agreements, a crucial tool for business partners. We'll explore how life insurance and premium financing can work together to ensure a smooth ownership transition in the event of a partner's death or disability. Tune in to learn how to protect your business and your loved ones.

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.Rhett, a devoted family man with a wife and three children, considers his career's essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization's achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients' evolving needs.Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-buy-sell-agreement-strategies

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.Rhett, a devoted family man with a wife and three children, considers his career's essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization's achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients' evolving needs.Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-buy-sell-agreement-strategies

In the latest episode of The Invested Teacher podcast, we dig into the often-overlooked world of buy-sell agreements—a crucial aspect of business ownership that can either safeguard your financial future or if missing or poorly written, can lead to unforeseen challenges.Your company's buy-sell agreement, sometimes known as a buyout agreement, a business will, or a business prenup, could be the linchpin in determining the fate of your business when ownership changes hands due to various events like death, partnership breakup, sale, or divorce. Join us as we demystify the complexities of these agreements and give you practical next steps to make your buy-sell agreement strong! What you'll learn:Demystifying Buy-Sell Agreements:Gain a clear understanding of what a buy-sell agreement is and why it's a pivotal document for business owners during key events such as death, partnership breakup, sale, or divorce.Steering Clear of Common Pitfalls:Discover the three most common mistakes businesses make in their buy-sell agreements and learn practical strategies to avoid them:Mistake #1: Neglecting to Address the Sale of the CompanyMistake #2: Using an Inadequate Valuation MethodMistake #3: Lack of Clarity in Agreement FormNavigating Valuation Methods:Understand the pros and cons of different valuation methods, empowering you to choose the approach that best aligns with your business needs.Exploring Buy-Sell Agreement Forms:Dive into the different forms of buy-sell agreements, including entity purchase, cross purchase, and the advantageous wait-and-see method (BOB), and grasp the financial and tax considerations associated with each.How To Protect Yourself and Your Company:Learn tools and strategies that will give you the necessary resources to navigate and fund a buy-out in the untimely death of a shareholder.Resources: Book a Discovery Call with us so we can help you overcome your current struggle and take the next step in your financial journeyFollow Kyle Pearce on LinkedIn for daily posts and conversations about business and investment. Dig into our Ultimate Investment Book ListDownload our Wealth Building BlueprintInterested in Joint Venture Opportunities?For those interested in being considered for potential Joint Venture (JV) opportunities, reach out to us here.Contact Matt if you're Buying or Selling Real Estate in Windsor or Essex County!Reach out to Jon if you're looking for an Ontario Mortgage, Ontario Mortgage Refinance or a HELOC in Ontario.Get in touch with Kyle to begin your journey through his Canadian Wea Analysis Paralysis is REAL! You're real estate portfolio will stay empty until you take action.Grab our free training on how to analyze deals and also grab our analyze spreadsheet that does the dirty work for you. Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Ensure your company's business continuity with a buy/sell agreement from Ornellas Insurance (+1-916-804-9888), which serves entrepreneurs in Fair Oaks and beyond. Learn more by visiting https://ornellasinsurance.com/executive-benefits/ Ornellas Insurance City: Woodland Address: 239 W. Court Street Bldg. B Website https://ornellasinsurance.com/executive-benefits/ Phone +1 916 804 9888 Email helen@ornellasinsurance.com

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discuss how important buy-sell agreements are for partners in businesses. We emphasize that these agreements are essential for settling potential disputes about the transfer of shares in the event that one partner dies or becomes unable to work. This includes legal issues, appraisal techniques, funding sources, insurance coverage, tax ramifications, and review procedures. To ensure appropriate planning and implementation, we stress the importance of raising awareness about this crucial facet of business ownership and advise obtaining professional counsel. Explore the crucial world of buy-sell agreements with us and learn how they can safeguard your business. Don't miss out on essential insights into legalities, appraisal techniques, funding, insurance, taxes, and more! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis &  Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706   Episode Highlights About buy-sell agreements Legal and financial aspects of buy-sell agreements Steps and considerations for implementing a buy-sell agreement Importance of reviewing and updating the agreement over time Barriers and complexities associated with buy-sell agreements   Connect with Billy and Andrew! 360 Financial Strategists    Check out our latest episode here:  Apple Podcast Spotify Google Podcast  

Join Newton One (Steve Target and Mark Singer) and Colin Devlin, Partner at Lex Nova Law, as they discuss buy-sell structures, funding mechanisms and the importance of annual reviews. They review the Thomas Connelly v. United States case and pinpoint some of the pitfalls that may have been avoided through proper planning. 

If your executive benefits don't include a buy/sell agreement, your business is at risk. Luckily, Ornellas Insurance (+1-916-804-9888) offers comprehensive plans that include this agreement. Learn more by visiting https://ornellasinsurance.com/executive-benefits/ Ornellas Insurance City: Woodland Address: 239 W. Court Street Bldg. B Website https://ornellasinsurance.com/executive-benefits/ Phone +1 916 804 9888 Email helen@ornellasinsurance.com

Welcome to another insightful episode of the Maximize Business Value Podcast! This week, we delve into Chapter 21 - "Execute Buy-Sell Agreements." Join us as we explore the critical importance of securing the future when multiple shareholders are involved in your business.Tom Bronson underscores the paramount significance of having buy-sell agreements in place. These agreements are like the "marriage contract" of business relationships, determining what happens to a shareholder's stake if they leave the business, pass away, or if disagreements become insurmountable.Just as in personal relationships, business partnerships can start out exciting and amicable, but over time, differing opinions and changing circumstances can arise. In some cases, the best course of action is for the relationship to dissolve. Buy-sell agreements protect everyone involved by providing a roadmap for these situations, making transitions smoother and protecting the business's value.This episode highlights the value of foresight and preparation in safeguarding your business's future and ensuring that shareholder relationships remain fair and equitable.MAXIMIZE BUSINESS VALUE BOOK: https://amzn.to/2AvazXTMAXIMIZE BUSINESS VALUE PLAYBOOK: https://amzn.to/3Vv2KWqSchedule a time with Tom: http://calendly.com/tombronson

Welcome to the latest episode of Legal Visionaries. In this installment, we're turning the tables as our host, Mary Vandenack, CEO, Founder, and Managing Partner at Vandenack Weaver LLC, takes on the role of guest and dives into the evolving landscape of Buy/Sell Agreements, shedding light on how recent rulings in the Connelly Case have impacted this crucial aspect of business and estate planning. Join us as Mary provides a concise summary of the key takeaways from this case, which she discussed in an earlier episode, and explores the various facets of Buy/Sell Agreements.This is another Hurrdat Media Production. Hurrdat Media is a podcast network and digital media production company based in Omaha, NE. Find more podcasts on the Hurrdat Media Network by going to HurrdatMedia.com or Hurrdat Media YouTube channel!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 5, 2023 – On today's Lifetime Planning episode, we explore the vital process of succession planning and delve into the integral role of buy/sell agreements. If you are a business owner and would like to know more about the steps...

Welcome to this episode of 20/20 Money! My guest on today's show is Ali Oromchian. Ali joins me back on the show to talk about a not-too-common but very important part of any partnership: the terms and conditions of the buy/sell agreement that essentially is a part of every partnership. The extent to which the terms of the buy/sell are explicitly documented, however, can be wide-ranging.   In this conversation, Ali and I define a buy/sell, how they work, some of the key elements of a buy sell, who needs one, and valuation ideas for quantifying the value of the practice. We also talk about pros and cons of a 51/49 partnership agreement, different triggering events of a buy/sell, and how one should protect themselves against financial decisions of their partner should financial insolvency become an issue.   As a reminder, you can get all the information discussed in today's conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our monthly “planning life on purpose” newsletter that's filled with tips and ideas to help you plan life on purpose. You can also set up a Triage conversation to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions both in and out of their practice to help them ultimately live their best life on purpose. You can also check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars. Lastly, if you're interested in learning more about the upcoming launch of the 20/20 Money Membership, please check out the link in the Resources to learn more about what we have in store for you!   And with that introduction, I hope you enjoy my conversation with Ali Oromchian.   Resources: 20/20 Money Community Information   ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Podcasts Stitcher  ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!

Brent discusses buy-sell agreements for small or family businesses. He explains how they work, the different versions (buy-sell, cross-purchase, dual), who they should apply to, and how they can be structure for payments. These agreements help preserve generational wealth in small businesses by clearly defining the economics between owners and the owners' families. They also protect against bad actors, divorce, death, and incapacity--all events that can be detrimental to any small business.

If you're a business owner and have one or more business partners. you more than likely have at least heard of buy-sell agreements. And hopefully you have one that is well-written, current and regularly reviewed. You may also have one if you're in process of selling your business to insiders or children. A buy-sell agreement provides direction to owners and other stakeholders when the transition of an ownership interest in a business is in question. In the case of a multiple-owner business, a buy-sell agreement can be the most important business planning document they have. An important aspect of an effective buy-sell agreement is how the strategies for the unexpected events of death or disability of owners will be funded. And most often life and disability insurance is used for the funding method when the parties of the agreement are insurable. When insurance is used there are some key planning issues that need to be planned for. And today we want to alert you in a general way to the planning issues as well as a solution. that may or may not be right for your situation. But certainly a solution that should be considered by you and your advisor team.DISCLAIMER:The information in this presentation is provided as education only, with the understanding that neither the presenter nor ENNIS Legacy Partners or GRF CPAs & Advisors is engaged to render legal, accounting, or other professional services. If you require legal advice or other expert assistance, you should seek the services of a competent professional. Neither the presenter nor ENNIS Legacy Partners or GRF CPAs & Advisors shall have any legal liability or responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by the information contained in this presentation.============================================“We want you to help you build a business that is sellable and exit successfully on your own terms and conditions.” - Pat Ennis============================================

Have you ever wondered how to balance the needs and expectations of different generations in a family business? In this episode, Travis Harms discusses ways to promote positivity within shareholder communities of family businesses while highlighting the importance of communication. He delves into the challenges of managing multi-generational family businesses with different shareholder clientele and their expectations regarding cash flow and capital appreciation. Travis highlights the importance of having the right people in leadership positions and working with an attorney and a valuation professional to ensure that buy-sell agreements are understood. Listen and enjoy!Travis Harms leads Mercer Capital's Family Business Advisory Services practice, helping multi-generation family businesses with their valuation, strategic corporate finance, and shareholder education needs.[00:01 - 06:32] Opening Segment• Travis introduces Mercer Capital'sHelping families and business owners with evaluation and advisory services• Family businesses should focus on engaging and relating to shareholders more intentionally• Best practices for positive shareholder engagement[06:33 - 13:54] Navigating Multi-Generational Shareholder Needs in Family Businesses• Multi-generational family businesses face unique challenges with different shareholder clientele• Balancing the needs of different generations and keeping them informed is crucial• Limited liquidity can be a challenge for family businesses, but illiquidity can also be the source of outsized returns[13:55 - 20:59] The Challenges of Diversification and Leadership Transitions in Family Offices• People turn to esoteric asset classes they know nothing about for diversification• Transitioning leadership is a challenge for families without the right professionals and skill sets• Realistic assessment of needed skill sets is crucial for a successful leadership transition[21:00 - 28:51] The Importance of Buy-Sell Agreements in Family Businesses• The importance of having the right person in a leadership position• How to remove the stigma around owning shares in the family business• It's vital to involve an attorney and valuation professional in creating a buy-sell agreement• The need for clear understanding among all parties involved in a buy-sell agreement[28:52 - 37:45] Closing Segment• A consistent view of the value under the buy-sell agreement is important• Families should formalize a process for evaluating a full-on liquidity event or acquisitionWant to connect with Travis? Follow him on LinkedIn. Visit Mercer Capital to explore more about the family businesses! Key Quotes:"If anything, family businesses should be more focused on engaging and relating to shareholders than public companies are." - Travis Harms"Return follows risk in investing." - Travis HarmsDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

In today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are chatting with Paul Hood. He is going to talk about trust, estates, and wills. He is also going to talk about business valuations for those owners.   Episode Highlights ·         04.31: Paul is a Louisiana guy, despite being in Ohio right now he grew up in Alexandria, LA. He talks about the early days and his experience of growing up in Alexandria, right in the middle of the state. ·         05.33: The thing that Paul noticed as a kid listening to the rainy day show on KALB, the mighty 580AM every morning was that they developed this growing up and antipathy toward New Orleans. ·         07.41: Paul is in the process of endowing $1000 a year student writing award at his alma mater high school, Holy Savior Menard Central High School in Alexandria and the scholarship will be awarded on Friday, April 28th at a school assembly and he will give a speech to the students. ·         09.29: Paul doesn't view what he has literally done since Hurricane Katrina as work. He has written nine books, published hundreds of articles. He has done 96-90-minute webinars on estate and tax and charitable planning. He doesn't view all this as work which is why he doesn't ever see himself stopping. ·         12.05: Paul shares how things changed for him when Katrina made its third and final landfall on August 29th, 2005. ·         14.04: Paul discusses the things that are important for a buy-sell agreement. ·         18.25: It's not a triggering event that causes the problem. It's the procedure that is drafted and one of those common errors Paul sees is the appraiser has to produce an appraisal in 30 days. ·         20.14: The appraiser can't appraise in 30 days and no appraiser can, says Paul. ·         22.40: One thing that the TV show Shark Tank has taught Bill is that a business owner at least a lot of business owners come up with this idea of valuation in their head that in the most cases seems to be based on not a lot and it could be very inflated. ·         24.36: One of Paul's strongest bits of advice for people in business is your business should be ready for sale 24/7, 365. ·         25.06: What happens to a lot of people is they skimp on their accounting and then they sign up a non-disclosure agreement and they enter due diligence and people who can't figure out, their financials, they are not audited, they are not reviewed, they're not consistent, they are not complete. ·         28.02: Paul's earliest LSU memory was probably a trip to Tiger Stadium in 1973 when the Tigers weren't very good.   Three Key Points 1.    Paul talks about his mindset and how he felt when he turned 50. 2.    Paul talks about two of his books, both are based on planning your future series, the last will and testament for your business, "Buy- Sell Agreements" and then “It's Yours," Mine and Ours" which Pete loves because it's on the blended family. 3.    Paul talks about his earliest LSU memory.         Tweetable Quotes ·      - "I took a job in New Orleans, and it was a great job because my four years there, from 88 to 92, that's where I learned a lot of what of what I know, I was taught by four excellent estate planning and tax lawyers." -  Paul Hood ·      -  "Retirement is not really something that I even think about even at 62, almost 63 in June." - Paul Hood ·      -"If you work for one of them, you got temporarily relocated to Baton Rouge or Lafayette, Lake Charles or even Houston, TX. But those of us who work for individuals, we were out." - Paul Hood ·    -"I am a one-page guy because I believe if you can condense something down to a page, you understand correct, and that's a big deal." -  Paul Hood ·       - "If your client gets the appraiser and answers all their information document requests in 30 days give yourself a blue star." -  Paul Hood ·    -"When I wrote my business valuation book, I did something that I don't know that anybody else had ever done. I have read every single income tax case involving valuation back to the beginning of the income tax in 1913." - Paul Hood ·        -"I don't think that the true grasp of the greatness of Skip Bertman has been understood yet." - Paul Hood     Resources Mentioned ·         runwaydecade.com ·         https://paulhoodservices.com/

Not unlike a budding marriage, it is important to set expectations out clearly when beginning a business partnership, or when buying or selling that business. Noel Anderson, Vice President of Executive Benefits at Madison Brokerage, is our guest for this topic. If you have questions about a business buy/sell agreement, we'd love to hear from you! Email kate@egwealth.com with your questions. https://www.egwealth.com

This week's special guest is a Master of Financial Services, Author and Christian's Mentor, Jerry Borrowman, joining Christian & Rod to discuss Succession Strategies! Tune in and get your pen and notepad ready for a value-packed episode! Money Insights is a strategic planning firm that is founded on the principle that "off-the-shelf" products and solutions often do not meet the needs of high-income earners. The Money Insights team works to collaboratively design customized financial solutions that will leave a lasting impact for each of their unique clients. Visit Money Insights and take the Investor Quiz at https://moneyinsightsgroup.com ! Listen to the Money Insights podcast on Spotify, Apple Podcasts, or at https://moneyinsightsgroup.com/podcast Need to get in contact with the Money Insights team? Email us at insights@moneyinsights.net

IBC can help you become your own banker - but what does it do for your business?In today's episode, Dave and Paul look at IBC through the lens of the business owner. There are unique benefits to IBC and a few different ways that a business owner can take advantage. The guys take a closer look at some of those strategies, as well as their take on owning a policy through a business, the drawbacks and more!Episode Outline:(0:29) - Beginning of episode(2:55) - Listener question, other ideas for passive income and funding premiums in retirement(7:20) - How can businesses use whole life insurance policies(9:08) - Owning a policy as an individual vs. through your business(10:55) - Buy/sell agreements(17:04) - “Key person” policy(22:10) - Dave's personal experience with key-person contracts(27:20) - Life insurance for money lending(29:18) - Episode wrap-upABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people. Catch up with David and Paul, visit the links below! Website: https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399 LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/ https://www.linkedin.com/in/paul-fugere-762021b0/ Email: davidandpaul@theibcguys.com

You have built or want to build a business that is wildly successful! Where is the book or course that is titled, "What if you actually succeed?" See, the funny thing is, that there are a TON of successful businesses around the world today! Maybe it isn't so strange to consider the idea you are about to launch into a legitimate company will be wildly successful. My question is, what if you actually succeed? What if you make some incredible money, spread your idea across the world, create jobs, and have an impact.... what then? OK, OK... Let me get to the point! What if you find yourself needing to walk away from a HUGE asset you have created for yourself? When do you walk? What does that look like? Is this something you should really be thinking about before you have even gotten the idea onto that first legal document? Of course, things could go perfectly and everything in this episode could be wildly impactful! But also, maybe there are ups and downs along the way... what if your most critical employee gets too sick or hurt to work ever again? What if your business partner decides to move on, or even possibly just be medically unable to do the job anymore... even worse, what if that business partner you have passed away and their spouse is now your business partner? Everything that follows in this episode might be even more important! What is a Buy-Sell Agreement and how can it prevent negative outcomes from an unexpected event? Brandan Chasteen & Special Guest Dave Toeben provides the information your business needs in the likelihood of losing a business partner, either to a personal sickness or unexpected tragedy. Options within a Buy-Sell Agreement allow the exiting partner's share to be sold to the ongoing partner(s). The agreement determines how the interests of an exiting partner are valued and how the continuing partner(s) will fund the business. This video explores these concepts and provides you with business planning options, to ensure your company survives during a rough time. It is so wildly important to start with the end in mind! We hope you find this episode helpful! If you would like to submit show ideas please visit us a https://harpethwealthpartners.com/contact/ If you have questions about our monitoring and planning app, you can find more information at https://harpethwealthpartners.com/tools-cost/monitoring-education/ --- Support this podcast: https://anchor.fm/brandan-chasteen/support

Our guest today is Paul Hood with Paul Hood Services located in Sylvania, Ohio. Paul is an author, a speaker, and an advisor to family owned businesses.Paul obtained his undergraduate and law degrees from Louisiana State University and a Master's degree in taxation from Georgetown University Law Center. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law.Paul is a highly sought-after speaker and consultant due to his innate ability to see through complexities and explain difficult and even boring subjects in understandable and entertaining language. He minces no words in doing so.Paul has authored or co-authored nine books and over 500 professional articles on estate and tax planning and business valuation. Paul is the author of Buy-Sell Agreements, The Last Will & Testament for your Business as well Yours, Mine, & Ours, Estate Planning for People in Blended or Stepfamilies.Both books can be purchased on Amazon Books or at his website paulhoodservices.comIn this episode of Family Business Today, Paul will:Expand on this importance of Buy-Sell AgreementsEncourage family businesses to have a facilitator at business meetingsTouch on how blended families can prepare for estate planningShare why kids (of all ages) should be involved in business meetingsAnd more…You can find out more about Paul Hood here. To learn more about his books, click here.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Would you like the opportunity to be in a small group community of like-minded family business owners/leaders and get access to years of experience and wisdom from other family business executives just like you?If you answered yes, I would like to invite you to consider joining a family business mastermind group. To learn more visit our website at www.thefamilybusinessmastermind.com.Until next time, There's No Business Like Family Business…..We Know!

In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think. So, how to incorporate this information into a written agreement, especially when someone passes away? John and Michael Parise from Copper Beech Financial Group are here to answer this and more! This week, John and Michael unpack … Continue reading Structuring An Ownership Buy-Sell Agreement between Business Owners (Ep. 87) →

There are many aspects of a business's ability to thrive that are predictable.   Just as in life, businesses can be negatively impacted by things that can't be predicted and even preventive.    There are legal documents like Buy-Sell Agreements, and insurance products like Key Man Insurance, and technology protocols like continuity and redundancy services. The 831(b) is little known tool that businesses can use to 'self-insure' with pre-tax dollars. Much like the 401(k) tax code allows an employer to set aside tax-deferred dollars for retirement, the 831(b) tax code allows a business to set aside tax-deferred dollars for underinsured and/or uninsured risks. The similarities are clear and business owners should consider the risk mitigation advantages, before the next pandemic, natural disaster, or global supply crisis. Ed Bryan of SRA 831(b) Admin joins Karen to discuss this critical, and little known, element of the tax codes that benefit businesses, large and small.    Ed Bryan has more than 20 years of sales and operations management experience with a consistent history of leading high-performing sales teams and operational excellence. As Director of Business Development, Ed leads the SRA team in partnering with clients and valued advisors to provide next-level strategies to business owners. http://831b.com Karen Rands advises angel investors on best practices for screening deals, conducting due diligence & creating a syndication to fully fund the company's round, when selecting private companies to invest in for large upside potential.   Entrepreneur business owners benefit from Karen's insights for growth strategies and access to capital through direct public offerings & investor syndication.  Visit http://karenrands.co for more information and get in touch with Karen

Welcome to Eat, Sleep, Invest. On this podcast, you can learn more about how marketing investors can get more deals. Bryan Driscoll and Chad Keller discuss something a little different today. They share information about life insurance and protecting your business if something happens to you. Although they are not attorneys, they have valuable experiences about what you should think about regarding your business and your family. Making money and investments with a business is the goal of many entrepreneurs. But what will happen to all your assets if something happens to you? Although talking about life insurance can be uncomfortable, it is critical for any business owner. Bryan and Chad cover: The horror stories of probate Chad has heard and how he wants to avoid those issues for his family Preparing for the different possibilities that can happen after your death What could happen when your business partner's spouse becomes your new business partner Buy-sell agreements for businesses to pay the family off and potentially save the business Getting a term policy to protect your assets if you can't afford whole or universal life insurance Creating a will and considering various scenarios your family could face Not delaying on getting a will or deciding on the powers of attorney How changes in your health can disqualify you from the best insurance rates

Mike and Nathan explain what a buy-sell agreement is, as it's commonly mistaken as a contract to sell a business. Learn what you need to know about this agreement and what triggers it.

On this listener Q&A episode of the Dentist Money™ Show, Ryan and Matt offer advice on estate plans, Buy-Sell Agreements, and what defines a recession. When should you start thinking about an estate plan? Want to partner? Learn why you'll want a legally-binding exit document to prevent future problems. And with so much talk about recession, how do you know if one is occurring?

There are documents that Founders and Investors need to make sure a company has in place to protect the business when critical disrupters occur. Similar to a will before you die, a business can't wait until a founder is disabled, dead, or divorced to implement these business contingency agreements. Paul Hood joins Karen Rands to talk about the events business owners and investors should anticipate and the agreements that act as insurance policies to protect the interest of the organization's stakeholders.  Paul takes the conversation a level deeper with real life examples of problems avoided and problems solved when you understand the kinds of precautions and assurance of sustainability certain agreements bring. Paul Hood considers himself a “recovering tax lawyer” with his JD from Louisiana State University and LL.M. in taxation from Georgetown University Law Center. Now, Paul helps people build a plan with a solid legal foundation to protect their estate and their biggest asset - Their Business.  Paul is a highly sought-after speaker and consultant having authored or co-authored nine books and over 500 professional articles on estate, charitable and tax planning and business valuation.  Paul authored the highly regarded "Buy-Sell Agreements" and "Yours, Mine & Ours: Estate Planning for People in Blended or Step Families".   To learn more:  www.paulhoodservices.com Karen Rands is the founder of the Compassionate Capitalist Movement and author of the best selling primer for investors: Inside Secrets to Angel Investing. http://InsideSecretstoAngelInvesting.com Karen works with entrepreneurs that need to raise their growth stage capital to scale their business and helps investors screen and syndicate the deals that pass due diligence. Learn more http://karenrands.co Video https://youtu.be/tv_u4xwuGuE

Is Your Buy Sell Agreement Any Good? During this episode we will be focused on the following topics:  Horror stories of buy sell agreements that failed the family and the business.  Why using valuation formulas is a fool's errand.  4 of the most significant issues with buy sell agreements, which ones are in yours?  The critical steps you must follow before signing a buy sell agreement.   Why fundamental fairness is so important in a buy sell agreement?  This week's guests:  Don Parkhill, JD**  Bluestone Wealth Partners  After graduating from law school in 1983, Don started working and advising business owners when he worked for the “Big Eight” accounting firm, Price Waterhouse. He later joined a law firm in Columbus, Ohio that specialized in working with closely held business owners.  Don was instrumental in helping clients protect and plan for their families, the future of their business interests and the transition of the business and the family wealth. Much of the success of the planning was a result of collaborating with clients' other advisors, often the financial planner and CPA. This included developing and implementing transition strategies and working with the IRS to obtain private letter rulings.  Don inherited his father's entrepreneurial spirit and left the practice of law to acquire his own business. He purchased several insurance agencies and later merged those with a larger firm, while continuing to do comprehensive financial planning for business owners.  He joined Lincoln Financial Advisors in 2000 and continues to help successful business owners plan for their future, their family and their legacy. With 35 years of experience and an excellent team, he helps his clients create a financial roadmap distinctive to their vision, by listening and learning what is important to them and who they care about.  Don has been active in numerous civic, philanthropic and professional organizations over his professional career. He has attended many national conferences, including The Institute for Preparing Heirs and the Notre Dame Tax and Estate Planning Institute, all of which discuss ideas to help the successful business owner protect, grow and transition family wealth.  Don and his wife, Sheila, live in Westerville. They have a daughter, Annie, and a son, David. When not working, you may find Don traveling with his family or driving the back roads of Ohio with Sheila.  A 1980 graduate of The Ohio State University, Don received his Bachelor of Science degree in Business Administration.  Don Parkhill is a registered representative of Lincoln Financial Advisors.  Bluestone Wealth Partners is not an affiliate of Lincoln Financial Advisors Corp.    *Licensed, not practicing.  Paul Hood, Jr., JD, LL.M, CFRE, FCEP  Paul Hood Services*  A native of Louisiana (and a double LSU Tiger), Paul Hood obtained his undergraduate and law degrees from Louisiana State University and an LL.M. in taxation from Georgetown University Law Center before settling down to practice tax and estate planning law in the New Orleans area. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law. Paul has authored or co-authored seven books and over 500 professional articles on estate, charitable and tax planning and business valuation. A frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought after speaker and consultant because of his innate ability to see through the complexity and explain difficult and even boring subjects in understandable and entertaining language and mince no words in doing so. Along the way, Paul's been a father, husband, lawyer, trustee, director, president, partner, trust protector, director of planned giving, expert witness, agent, professor, judge, juror and a defendant, and he uses his experience in these myriad roles to guide others. Paul is an author, speaker and consultant on tax, estate and charitable planning. He also is a Vice-President with Thompson & Associates, a charitable estate planning firm. paul@paulhoodservices.com.   ------ *Not affiliated with Lincoln Financial Advisors Corp.  CRN-3346662-112520 The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.    Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.