Business succession

Help secure your clients' business legacy with strategic succession planning.

Do your clients have a strategy in place to transfer their business to the right people, at the right time, and for the right amount?

A correctly structured buy-sell agreement funded with life and disability insurance does the following:

Provides departing owners with a market and price for the business
Enables remaining owners to prevent an unqualified individual from acquiring an interest in the business
Minimizes business disruptions resulting from disagreements among owners at various triggering events
Offers assurances to employees, customers, suppliers, and creditors that the business can remain competitive through owner transitions

Working with Principal^®

Principalsupports multiple buy-sell strategies and offers various funding options to help meet clients’ unique needs. And as a leader in the business market, we can help you find appropriate solutions for business owners at any stage of the planning process by providing you with the following services:

Navigating the potential pitfalls of Connelly v. US for those with an Entity Purchase buy-sell agreement
Performing a complimentary buy-sell review for those with existing agreements
Consulting on buy-sell strategies for those without a plan in place

Call the Business Solutions hotline today to consult with a business solutions specialist:

833-803-8345.

The Principal advantage

Informal business valuation & buy-sell review

Offer your clients complimentary services that can serve as effective door-openers.

Consultative service

Get direct access to an experienced team of business planning attorneys, CPAs, and case design specialists.

Comprehensive plan administration

Make implementation and ongoing support easy with value-add assistance from our in-house plan administrative services.

Business succession