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Many closely held businesses have shareholder buy/sell redemption agreements. These agreements are critical to maintaining business continuity when a key shareholder exits the company. When the ...

Learn how cross-purchase agreements enable partners to buy out a deceased or departing member’s shares, maintaining business continuity and tax-efficient transitions.

When business owners have partners and consider their succession planning, the topic of a buy-sell agreement comes up. This post discusses the possible use of an “insurance-only LLC” as part of a ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. A split-dollar life insurance policy is a ...

It is not often a business can offer its employees a benefit that in the long run costs little or nothing. Split-dollar life insurance is a clever way to allow management to provide a key worker ...

In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

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New York CPLR 3101(f) mandates that defendants, counterclaim defendants and crossclaim defendants in lawsuits in New York courts provide to other parties insurance policies in place at the time of the ...