Business Succession/Continuation

Business life insurance can be an easy way to continue funding during the event of death to ensure a smooth continuation of your Denver area business. Business Succession life insurance benefits allow for cash flow that will be available when a business owner dies. This helps mitigate the sometimes detrimental effect on working capital. When a Colorado business does not have a life insurance policy, that business or owners that remain may be required by contract to purchase the seller’s interest at the time of the seller’s passing, but lack the necessary cash flow to do so. A business life insurance policy, particularly a cash value life insurance policy, can allow for the needed financial liquidity when it is required.

Buy-Sell Life Insurance

Buy-sell life insurance agreements can be structured in different ways noted below. A company’s tax advisor can help determine which buy-sell life insurance is best suited to your needs. Buy-sell life insurance agreements will work for any Colorado business such as a partnership, a sole proprietorship, or a limited liability company LLC.