Does Your Business Need a Buy-Sell Agreement?
Creating and executing a buy-sell agreement may be one of the most important moves a business owner can make. But, don’t stop there – proper implementation and integration is just as critical.
Creating and executing a buy-sell agreement may be one of the most important moves a business owner can make. But, don’t stop there – proper implementation and integration is just as critical.
Oasis Wealth's Founder and Wealth Advisor, Steve Martin, provided his wisdom in an article in the National Federation of Independent Businesses site that dealt with working with business owners planning for retirement. In this Karen Sams April, 2017 article titled "Retirement Planning Musts for Small Business Owners" in the NFIB, Steve stresses the importance of tying the analysis of the business income and the business sale with the personal retirement analysis. Steve stressed that the "analysis should include cash flow and net worth projections, estimated living expenses, income taxes incurred upon the sale of the business and throughout retirement, and major purchases in retirement."