Not Your Average Financial Podcast™

Episode 395: Buy-Sell Agreements: Your Exit Strategy Blueprint

Listen Later

In this episode, we ask:

  • Have you subscribed on YouTube and/or your favorite audio platform?
  • Could your business survive without you?
  • Why do most small businesses fail to survive after a generation?
  • Are you thinking long range with your business?
  • When was Hoshi Ryokan in Japan founded?
  • What is a buy-sell agreement?
  • What are the benefits?
  • Who wants to buy the business from someone who has passed away?
  • How does a buy-sell agreement guarantee a buyer?
  • What are additional benefits?
  • What are the events that trigger a buy out?
  • Who writes and funds a buy-sell agreement?
  • How about an example?
  • What about a sinking fund?
  • What about a bank loan?
  • What is the most efficient way to fund a buy-sell agreement?
  • What are the benefits of funding a buy-sell agreement with life insurance?
  • What about a story?
  • What about cross-purchase?
  • What happens when tragedy strikes?
  • What happens next?
  • What are the considerations?
  • Would you like to book a meeting with Mark or one of Mark’s associates?
  • What are the steps?
  • What about the business valuation?
  • What are the correct policies?
  • What is the timeline of funding?
  • What is the premium amount?
  • What about drafting the buy-sell agreement?
  • What about policy ownership?
  • What about cross ownership?
  • What about performance review and adjustments?
  • What about the key stakeholders, partners and team?
  • What would happen to your business if a key person or partner suddenly dies or becomes disabled?
  • How would we manage the transition?
  • How much capital would we need to buy out a partner’s interest and over what time frame?
  • Have we considered how changes in our business’s value might affect insurance coverage needs or terms of our buy-sell agreement?
  • What terms should we include to handle disputes or changes to the business environment?
  • Are there any specific clauses we need to add for certain scenarios (i.e. divorce, bankruptcy of a partner or an external offer to buy the company, etc.)?
  • What about Bank on Yourself® type whole life insurance policies?
  • Would you like to meet with Mark?

    • ...more
    View all episodesView all episodes
    Download on the App Store
    Not Your Average Financial Podcast™By Not Your Average Financial Podcast™
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    122 ratings

    More shows like Not Your Average Financial Podcast™

    View all
    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,735 Listeners

    The Dan Bongino Show by Cumulus Podcast Network | Dan Bongino

    The Dan Bongino Show

    65,392 Listeners

    Radical Personal Finance by Joshua Sheats

    Radical Personal Finance

    1,892 Listeners

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

    701 Listeners

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

    3,862 Listeners

    Rental Income Podcast With Dan Lane by Rental Income Podcast

    Rental Income Podcast With Dan Lane

    832 Listeners

    Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

    Real Wealth Show: Real Estate Investing Podcast

    411 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,104 Listeners

    Wealth Wisdom Financial Podcast by Brandon Neely and Amanda Neely, CFP®

    Wealth Wisdom Financial Podcast

    52 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    622 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    724 Listeners

    PBD Podcast by PBD Podcast

    PBD Podcast

    4,514 Listeners

    On The Market by BiggerPockets

    On The Market

    903 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    946 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    706 Listeners