Building and Protecting Your Business Worth!

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Building and Protecting Your Business Worth Podcast Host: Thomas J. Perrone, CLU, CIC

What would happen to your business if you suddenly couldn’t run it for the next 90 days?

Many business owners assume a family member, employee, or partner will step in when they are no longer able to lead. But hope is not a succession plan.

In this episode, Thomas J. Perrone explains how the absence of a clear succession plan can create confusion over leadership, ownership, voting rights, and family expectations—even when the business is profitable.

Discover three critical questions every business owner must answer:

· Who will run the business? Identify and prepare a successor and an interim leader.

· Who will own the business? Clarify ownership, inheritance, and potential buyouts.

· Who will control the decisions? Establish voting rights and decision-making authority.

Learn how to begin preparing your business for retirement, disability, or an unexpected death, including reviewing your buy-sell agreement, establishing a current business valuation, and coordinating your estate-planning documents.

The bottom line: A successful business is not automatically a transferable business. Planning today helps protect the value you have spent years building.

Learn more: Visit bpbpgrp.com/tom to learn about building and protecting your business worth.

This episode provides general educational information and is not legal or tax advice. Consult qualified professionals about your individual circumstances.

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!

Host: Thomas J. Perrone, CLU, CIC

A buy-sell agreement is essential for business owners, but having an agreement is only half the plan. The critical question is: Where will the money come from when a business partner dies, becomes disabled, or leaves the business?

Imagine owning a $4 million business with a partner. If your partner dies, you may suddenly face a $2 million buyout obligation. Without proper funding, you could be forced to drain business profits, borrow money, or sell the company under pressure.

In this episode, Tom explains why business owners must look beyond the agreement itself and develop a practical funding strategy. He explores the financial challenges of self-funding a buyout and why planning ahead can help protect business continuity, ownership, and the financial security of both families.

The key takeaway: Don't just have a buy-sell agreement. Make sure you have a plan to fund it.

With more than 50 years of experience helping business owners, Tom shares insights through the GWT Planning System®, helping owners build, protect, and transition their business wealth.

Contact Thomas J. Perrone, CLU, CIC

Website: https://bpbpgrp.com/tom

Connect on LinkedIn: https://www.linkedin.com/in/tomjperroneclucic/

Building and Protecting Your Business Worth Podcast

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!

How can you retain a key employee, protect your family’s business interests, and create a future ownership opportunity—all while planning for retirement?

In this episode of Building and Protecting Your Business Worth, Tom Perrone, CLU, CIC, explores how a one-way buy-sell agreement, combined with key-person planning and properly structured life insurance, may help business owners retain valuable employees, prepare for unexpected events, provide continuity for their families, and create a pathway for a future business sale.

Discover how the right planning strategy can help protect your business, reward loyalty, and turn a trusted employee into a potential future owner.

Your host: Thomas J. Perrone, CLU, CIC President, New England Consulting Group of Guilford, Inc. Over 50 years of experience advising business owners.

Connect with Tom:

• Website: https://bpbpgrp.com/tom
• LinkedIn: https://www.linkedin.com/in/tomjperroneclucic/

Note: Buy-sell agreements, life insurance funding, and executive benefit arrangements should be tailored to the business and reviewed with appropriate legal, tax, and insurance professionals.