Are You a Small Business Owner?
I would like to discuss two key issues facing most Michigan business owners, exit planning and business protection.
Some questions for you as a small business owner in Michigan:
EXIT PLANNING:
- What happens to your business if you die?
- Where do you see your business in 10 or 20 years? Are you still running it?
- If you plan on transferring the business to a key employee how will it be funded?
- Do you have a buy/sell agreement in place?
BUSINESS PROTECTION:
Would your business/profits be affected if a key employee were to leave, die, or become disabled?
Have you identified the “key” employees within your company?
These are just some of the questions that many business owners are faced with every day. Life insurance can be a key part of the solution for many of the challenges addressed with the types of questions above.
If you would like to learn more about of life insurance in Michigan can be integrated into your business plan to address these concerns please reach out to tim@michiganterm.com today.
We can even help you obtain an informal business valuation, just ask for more information.
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