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Buy Sell Agreement

Ensuring you have a proper Buy/Sell Agreement in place for your business can help you avoid potential business disruptions that may arise. The buy and sell agreement is also known as buyout agreement, or business will. Buy and sell agreement are often used by sole proprietorships, partnerships, and closed corporations in an attempt to smooth transition in ownership when each partner dies, retires or decide to exit the business. In order to ensure that funds are available, partners in a business commonly purchase life insurance policies on the other partners. In the event of death, the proceeds from the policy will be used towards the purchase of the deceased’s business interest.

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A company built on a conservative principles and dedicated to excellent services. Your One-stop shop for all things Insurance, Prestige group works to inform and educate families on financial decisions that enabled them to achieve their financial goals. This is achieved through operating on a set of values and principles that are non-negotiable that worked to create and maintain trust between Prestige Team and the community we serve. Our team has over 100 years of combined experience, and each team member has extensive knowledge and experience in all aspects of Insurance.

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