Partners
First and foremost partners invest time in making a business succeed. Along the way there is a concern of paying the bills if a partner has an accident or sickness thus normally look to Business Overhead Insurance for protection. Not always addressing a partnership agreement at onset partners then concern themselves with instituting a partnership agreement, obtaining partnership funding insurance or commonly called buy-sell insurance and sometimes considering disability buy-out insurance.
Time passes by and successful partners start wondering how they are going to leave the business and investigate a business exit strategy or start succession planning.
Wise Financial Group Inc. assists businesses in Ontario with the above and can be reached toll free at
1-877-779-4731 or emailed info@companybenefits.ca.
| Business Overhead Insurance | Partnership Funding |
|---|---|
| Business overhead insurance covers business expenses that continue when your business revenue slows or stops because you are totally disabled due to illness or accident. » Learn more |
Protecting your business is an essential part of preserving your estate. When an active shareholder in a business can no longer participate in the business, it's important that the other shareholders have a plan in place to continue the business. » Learn more |
| Disability Buy Out | Business Exit Strategy |
| Disability Buy-Out Insurance is designed to provide the necessary funds to enable one or more business owners to purchase the shares of a disabled shareholder or partner in the event of being disabled long term. » Learn more |
Working most of your life running a successful business is a great accomplishment especially when it is your own business but as we get on in life one must realize that some form of an exit strategy is necessary. » Learn more |
| Buy/Sell Insurance | Succession Planning |
| It is difficult to purchase the shares of a deceased shareholder with after tax dollars. Although this interest would be tax deductible, it still leaves the principal to be paid with after tax dollars. » Learn more |
Your business Succession Plan should be in place well in advance of your planned departure from the company. You'll need time to pick and train your successor, introduce them to your employees and clients before you leave the business. » Learn more |