Safeguard the Value of Your Business
Grow and protect the value of your business so you can sell it for maximum profit
Let your business "buy time" if you or your employee dies or becomes too sick to work
Provide cash for you to buy out your partner if they retire, die or become too sick to work
Attract and keep your executive team with a robust compensation package
Carve out retirement benefits without ERISA limitations solely for your executive team
Provide robust insurance benefits just for your executive team
Let your business "buy time" if you or your employee dies or becomes too sick to work
Provide cash for you to buy out your partner if they retire, die or become too sick to work
Attract and keep your executive team with a robust compensation package
Carve out retirement benefits without ERISA limitations solely for your executive team
Provide robust insurance benefits just for your executive team
Strategies to Maximize and Protect Enterprise Value
GROW AND PROTECT YOUR BUSINESS VALUE
If you are a business owner, your business is likely the most valuable asset you own. It's fair to say, and experts agree, that the single most important value driver of your business is a strong and loyal management team. So one sure way to grow the value of your business is to attract and retain your key employees. You can accomplish this partially with a solid compensation plan.
HIGHER BUSINESS VALUE MEANS HIGHER SALE PRICE WHEN YOU SELL YOUR BUSINESS
Why is business value so important? What difference does it make? Think of it this way. The net amount you receive when you sell your business is enormously consequential to you financially. It can literally mean what you can and can't afford in retirement and how much you are able to leave to your heirs and/or charities. So be mindful of your business value because it directly impacts the price of your business, and by extension, your financial freedom.
"BUY TIME" IF YOU OR YOUR KEY EMPLOYEE DIES OR BECOMES TOO SICK TO WORK
Life and disability insurance can help your business survive if your key employee dies or becomes too sick to work. The money allows your business to "buy time" and gives your business the best chance to avoid financial ruin and continue with minimal disruption.
HAVE ENOUGH CASH TO BUY YOUR PARTNER OUT
Life and disability insurance provide you with tax-free money to buy your partner out when they retire, or if they die or become too sick to work. The money enables you to fulfill your promises as set forth in the buy-sell agreement. This gives your business the best chance to avoid financial ruin and continue with minimal disruption.
ATTRACT, MOTIVATE AND RETAIN KEY EMPLOYEES WITH A ROBUST COMPENSATION PLAN
Why executive benefits? Take a moment to think about the success of your business. How much of that success is related to your employees? Where would you be without them? It's well worth your time and effort to contemplate and provide a robust and meaningful compensation plan to your key employees to help attract, motivate and retain them. If you don't, someone else will.