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Buy-sell agreements are an important part of financial planning for business owners in closely-held partnerships or small businesses, and supporting those agreements with life insurance for the benefit of each shareholder is often necessary.
In this discussion, Jay Pelham and Jared Kornfeld of Kaufman Rossin Insurance Services review the different types of buy-sell agreements, including entity purchase and cross-purchase plans, as well as the specific benefits to business owners.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.