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Stewart Financial Services
- Protecting Your Financial Health
Business Solutions
Business continuation planning is the process of identifying issues that may put your business at risk, such as the death or disability of a key employee or owner, and adopting risk management strategies to minimize, eliminate or transfer these risks. |
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| There are good reasons for addressing these risks. While a business represents a source of current income for many business owners, the value of the business can also represent a primary source of income in retirement. Business continuation strategies are critical not only for the immediate survival of the business, but to ensure that the business can be relied upon to generate the expected value for the owner when they exit the business. |
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Buy/Sell Agreements:
Protect your Business Interests with a Buy/Sell Agreement. If you are a partner in a business or a major shareholder in a company, you should consider drawing up a Buy/Sell Agreement. This type of agreement sets out provisions for what will happen to the partnership or company in the event of the death, disability, retirement, a major disagreement (a non-resolvable dispute) of a partner or major shareholder, a marital breakdown—where an owner’s spouse has, or has become entitled to an interest in the business, personal insolvency of an owner, or any illegal actions by an owner.
Key Person Protection:
Does your business include someone whose contribution is vital to your business? If yes, then Key Person Life Insurance should be a critical component of your business continuity and succession plan— especially if you are a small business owner.
Group Insurance for Small Business:
Stewart Financial Services represents a variety of insurance providers that have products which can be uniquely designed to fit your business requirements. Benefits that offer you and your employees’ creative, flexible, tax-efficient solutions that give you more of what you want, where you want.
Business Succession Planning:
Business Succession Planning is simply the process of determining how you are going to transfer your business ownership and transition out of a business management role, while maximizing your personal financial security. It is difficult enough planning for the foreseeable events in life, let alone the ones you do not expect. But a proper Business Succession Plan will address potential risks that could impact you and your business, even the ones your do not anticipate.
Contact Stewart Financial Services for more information about Business Solution opportunities that will meet your current and future needs of your business.