Do you know the tax implications of your C corp.’s buy-sell agreement?

Do you know the tax implications of your C corp.’s buy-sell agreementPrivate companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are important to understand.

Consider key person insurance as a succession plan safeguard

Consider key person insurance as a succession plan safeguardIn business, and in life, among the most important ways to manage risk is through insurance. For certain types of companies — particularly start-ups and small businesses — one major threat is the sudden loss of an owner or hard-to-replace employee. To safeguard against this risk, insurers offer key person insurance.