In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

Few business owners want to work with the spouses or children of a partner who can no longer perform their duties. In this situation, buy-sell agreements are best for severing ties. When a company has ...

Construction company owners are more than familiar with the concept of maintenance. Equipment needs regular upkeep, homes and buildings require contant upkeep. But you know what else needs regular ...

On June 6, the U.S. Supreme Court directly addressed the topic of life insurance in the case of Connelly v. United States. The court does not commonly issue decisions in the life insurance space and ...

Business owner clients seeking to use the shrinking estate-tax window to pass down closely held shares may need to think through new or updated buy-sell agreements. For business owners trying to ...

In the high-pressure world of restaurant ownership, partnerships can be as delicate as they are rewarding. When business owners don’t plan for the unexpected—whether that’s a partner’s departure, ...

Just like any kind of relationship, not all business partnerships are built to stand the test of time. They can sour just as easily as a romantic partnership or friendship as vision and long-term ...

A buy-sell agreement is triggered upon the occurrence of certain specified “triggering events.” The parties to the agreement may build one or more triggering events into their particular buy-sell ...

Buy-sell agreements often play a crucial role in the succession of family businesses. It's therefore essential to structure and fund them properly — and to understand how they can help fix estate tax ...

In Connelly v. United States, 1 the U.S. Supreme Court unanimously held that life insurance proceeds payable to a corporation when a shareholder dies add to the value of the deceased shareholder’s ...

There are two significant reasons for a client to have an updated and funded buy-sell agreement. One is to allow the surviving partner to maintain sole control of the business if one of the owners or ...