Most companies have a person(s) whose skills are vital to the success of the business. A key-person may be an owner, partner, or employee without whom the business would suffer serious consequences.
An executive bonus arrangement can be a powerful, yet simple way to provide a valuable benefit for company owners and key employees. It can help reduce turnover of key employees that could result in significant financial losses
Whether your clients own a large company or a small family-operated business, the success of any business depends on smart strategy and planning. What will happen to your business, your family, and your employees if you cannot make it to work tomorrow? Do you have business partners? What happens to their share of the business if they get a divorce, file bankruptcy, or can’t make it to work tomorrow? A properly funded Buy-Sell Agreement is the solution.