Buy/Sell Plan

The Buy/Sell Plan is ideally suited for owners of privately-held businesses.

It’s designed to provide funds to help enable the business or one or more business owners to purchase the shares or ownership interest of a totally disabled shareholder or partner.

Some of the advantages of having a Buy/Sell Plan include:

• Fixed expense protection against potentially costly and unproductive drain on business
• Suppliers and creditors may be reassured
• Being able to use the benefit to fund the disability buy/sell agreement in whole or in part
• Definition of disability for purposes of the buy/sell agreement can be linked to the definition of disability in the Buy/Sell Plan
• Third party decides whether the definition of disability has been met
• Helps reduce potential resentment among shareholders or partners