BUSINESS SOLUTIONS
Don't let your business become a statistic.
70% of family-owned businesses fail before they make it to the second generation. That figure jumps to 88% for third-generation succession and 97% for fourth. You have worked hard to build your business. You should ensure that your legacy continues after you retire.
Whether you are in need of business succession planning, insuring your business against the loss of a key employee, or structuring and insuring your business buy-sell agreements, we have helped many businesses ensure that their hard work and sacrifice remains safe.
BUSINESS SUCCESSION PLANS
The statistics speak for themselves. You have worked hard to build your business. We serve as advisors to ensure that you have a written agreement, that it is reviewed regularly, and that it is adequately funded.
KEY PERSON INSURANCE
You've found someone who is essential to your company.
But what if that person becomes disabled or dies? Providing revenue to your business to offset the loss of this key employee can often make the difference between your business succeeding or failing.
BUY - SELL AGREEMENTS
Most small business owners do not have a formal succession plan or exit strategy. The danger of operating in this environment is a substantial risk of litigation and conflict. We consult with your advisory team to create and fund these plans to ensure that you and your heirs receive the full value of your investment.
We have enjoyed having John Seltzer and his associates as our benefit professional services firm of choice for many years. John's staff is very knowledgeable about existing legislation and they are extremely responsive, delivering excellent customer service. We highly recommend this firm.
J.B., CEO