Sole Proprietor Buy-sell Plans Site

: The business often "bonuses" the premium payments to the employee, who then pays the insurer. Tax Considerations :

Unlike traditional buy-sell agreements between multiple partners, a sole proprietor agreement usually involves an external buyer: sole proprietor buy-sell plans

: The buyer (e.g., the key employee) typically owns the policy on the life of the proprietor and is the named beneficiary. : The business often "bonuses" the premium payments

Life insurance ensures the buyer has the funds to fulfill their legal obligation to purchase the business. sole proprietor buy-sell plans