1.Who will buy your business
2. What are the tax implications?
3. Will you or your heirs receive fair value?
If you do not have an exit strategy in place, when it comes to retirement time, you might find yourself in a bind.
If you pass away, will your heirs be able to continue the business, or wil they sell it for less than it’s worth? Or worse, will they lose it all together?
Life Insurance is a great vehicle in an exit Stratergy, as it provides the funds to supplement retirement, allow your family to either continue to operate the business or sell it at fair value. Provide capital for funding projects and for cash flow purposes.