These are your business partner’s sons, And frankly-they’re stooges. Too bad your business partner died unexpectedly this morning…. now they’re your partners. A CPA, an attorney, an insurance expert, and a CFP walk into a bar. Does this sound like the beginning of a bad joke? Actually, it’s the team required to insure you never share your business with Larry, Moe and Curley.
YOUR TEAM and their ROLES:
The CPA-What is the business worth, and book value from twenty years ago is not fair to either party. The CPA will also examine the tax side of a transaction, what entity owns and pays for the insurance policies.
The ATTORNEY-Advice on the structure, the drafting, and just as important the execution of the buy-sell documents.
The INSURANCE PROFESSIONAL-Advise and facilitate the best type of policy to fund the transaction.
The CFP- That’s me! I’m there to make sure the entire strategy meets with the client’s goals and plans. Help your clients see the potential train wreck by putting off these decisions. If necessary pull up a picture of their new partners, Larry, Moe and Curley. Bear Sen$e MarkAlanGriffis.com
