Business succession

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^®

Principal supports 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. U.S. 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