Asset Protection Planning

Why Asset Protection Planning? Maybe you took a small amount of money and turned it into a fully-functioning business. Maybe you inherited the business from somebody else, then worked tirelessly to make it even more successful. Either way, you’ve worked hard for your assets. In today’s litigious society, aren’t you a little afraid? A lawsuit can pose a serious threat to your assets. If your company breaks environmental regulations, your personal assets are at risk. Sexual harassment claims put your personal assets are at risk. There are so many ways that a foolish verdict can destroy your future. Asset Protection Planning Can Help Asset Protection Planning uses certain legal...

23 March

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Buy-Sell Agreements for Business Planning

Author Siegel Law Group

in Business Planning

Many people don’t realize their biggest asset is often their business. This month, we’ll cover what it means to protect your business with a buy-sell agreement. What is a Buy-Sell Agreement? A buy-sell agreement is a written agreement among business owners in which each person agrees that upon circumstance, their shares will be sold to the surviving owners at a specific price. Through this agreement, each owner commits to buying the shares of their absent co-owner upon the occurrence of a specified event, such as death, disability, financial trouble, or termination of employment. It is crucial for business owners to have a buy-sell...

Business Planning Tag

Asset Protection Planning

Buy-Sell Agreements for Business Planning

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