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Prep steps you can take now to be ready for tax time

Organize now so you have what you need and can finish this important financial task by April 15.
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For individuals
Business succession

Creating an exit or succession plan can help ensure your business will transition as smoothly as possible when it’s time to pass the torch.

Help and contact information
Two smiling coworkers looking at the same screen.
Prepare for the transition of ownership of your business.

Someday, the business you’ve worked hard for could become your legacy—or a source of retirement income. Creating an exit or succession plan now can help ensure your business will transition as smoothly as possible when it’s time to pass it on.
Create an exit or succession strategy.

Principal® offers several options for helping you plan for the sale or transfer of your business. Solutions focus on maintaining your business’s full value for the benefit of everyone involved.

Buy-sell agreement

This prearranged contractual agreement between a buyer and seller defines triggering events for a sale, such as voluntary termination, death, or total disability, and outlines price and other terms.

Agreements can be funded with a variety of insurance solutions, including permanent and term life insurance or disability buy-out insurance.
Reach out
Talk with a financial professional.

Talk to your financial professional to help you assess and meet your succession planning needs. Don’t have one? We can help.

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This content is intended to be educational in nature and is not intended to be taken as a recommendation.

Insurance products issued by Principal National Life Insurance Co. (except in NY), Principal Life Insurance Company®, and the companies available through the Preferred Product Network, Inc. Plan administrative services provided by Principal Life. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​