Sole Proprietor Buy-sell Plans -

An effective agreement should be drafted by legal professionals and include: Funding a Buy-Sell Agreement with Life Insurance

For a sole proprietor, a buy-sell plan (often called a ) is a legally binding contract that ensures the business continues and provides liquidity to the owner's estate after their death, disability, or retirement. Without such a plan, the only options are often to dissolve the business or leave it to an heir who may not want to run it. Core Structure: The "One-Way" Plan sole proprietor buy-sell plans

: Typically a key employee , a family member, or even a competitor. An effective agreement should be drafted by legal