Broker Check

Creating a Plan


As a business owner, you want to protect your ownership interest in your business. A Business Succession Plan offers comfort to you, your partners (if applicable), and your family that a plan is in place for a seamless transition process.

The Process
The Premier RIA Network consultant will work with you to establish your goals and objectives for each possible situation, establish a decision making process, create the succession plan, create a business and owner estate plan, and create a transition plan.  Your Plan will be designed to be executed smoothly, in a cost-efficient manner and with a maximum tax benefit.

Traditional business transfer methods include cross-purchase agreements and entity purchase agreements and typically are funded by life insurance.  Life insurance pays immediately upon death, so there are no liquidity or time constraints

If you have a family-owned business the planning process can be complex and emotional, especially if family members are involved. Here are some of the key succession issues we will address:
  •          Transition of the business to the next generation
  •          Alignment of family interests
  •          Create a fair and balanced buyout agreement
  •          Family member disputes
  •          Estate and inheritance issues
Your Advisor will work closely with your business lawyer and accountant in ensuring that the Plan considers all legal and taxation ramifications. 

Have A Question?

Thank you! Oops!

Recommended Content

Retiring the 4% Rule

A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement.

Certain Uncertainties in Retirement

The uncertainties we face in retirement can erode our sense of confidence.

The Power of Tax-Deferred Growth

Why are 401(k) plans, annuities, and IRAs so popular?