BUSINESS SUCCESSION PLANNING

Establishing a sound business succession plan is beneficial for most business owners and can be absolutely necessary for some.

Business Succession Planning

For many business owners, maintaining positive cash flow and a stable balance sheet can be an ongoing battle that consumes virtually all of their time. Even retirement often seems like a distant speck on the horizon, let alone plans to hand over the business. However, establishing a sound business succession plan is beneficial for most business owners and can be absolutely necessary for some. When business owners decide to cash out (or death makes the decision for them), the first task is establishing a set dollar value for the business, or their share of it.

When business owners decide to cash out (or death makes the decision for them), the first task is establishing a set dollar value for the business, or their share of it.

Once a set dollar value has been determined, life insurance is purchased on all partners in the business. Then, in the event that a partner passes on before ending his relationship with his partners, the death benefit proceeds will be used to buy out the deceased partner's share of the business and distribute it equally among the remaining partners.

This is where we come in. Our team will find the most appropriate policy for your unique situation, giving you peace of mind that your lifetime of work will continue on after you retire.

Location

1585 E. 17th Street
Santa Ana, CA 92705

Connect

Phone: 800.927.3566

Fax: 714.547.8080

info@levinis.com