Businesses and their owners generally pass through several identifiable stages during their business life cycle. Business preservation and protection, key employee retention, and protection against unexpected pitfalls are some of the important factors that a properly structured plan and strategy utilize to help protect your business.
At Wampler Varner Insurance, we sit down with you to address and answer questions that may be critical to your business’s survival:
Without a business succession plan, the death of an owner can create problems for the business owner’s heirs and the business itself. In fact, many businesses do not survive upon the death of one of the business owners. A buy-sell agreement can help ensure the business continues after an owner is no longer around. This not only protects the business owner and their family, but also the employees and their families as well.
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