buy-sell agreement

What is a Buy-Sell Agreement?

What is a Buy-Sell Agreement? Your life insurance keeps your family’s lives financially protected after you have passed on. But what about your business? If something were to happen to you, how do you ensure that your business stays well and running? If you have a buy-sell agreement in place with a business partner, you…
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business owner life insurance

Why Does a Business Owner Need Life Insurance

You’re a business owner and the center of responsibility. You’re responsible for your business partners, employees, your investors, and your family and loved ones that are depending on the financial health of your business. As the business owner and chief operator of your business, your untimely death spells disaster for all these groups. Obtaining a…
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key person insurance

Do You Need Key Person Insurance?

If your business depends directly on a vital employee or two and would not be able to function without them, you should consider key person insurance. If a person was deemed essential to the functionality of the business, then it would be wise for the company to utilize key person insurance.  In a key person…
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Collateral assignment

What is Collateral Assignment?

Have you ever thought about or tried to apply for a Small Business Loan? If so, then the words collateral assignment may sound familiar. When you apply for a loan, especially an SBA loan, asset assignment ownership is transferred to the lender as an additional security throughout the duration that the loan is being paid…
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business growth

7 Surefire and Simple Ways To Make Your Business Grow

Entrepreneurs diving headfirst into a new business venture have more in common with LEGO enthusiasts than they would like to admit. Your enterprise has reached a peak. You’ve constructed the 3000 piece Death Star set… but, and here’s the caveat, you’ve only reached a peak, not THE peak. Which leaves you with a few options. You…
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8 Key Reasons Small Businesses Are Denied Loans

There’s no doubt about it: growing a small business is no small challenge. No matter how amazing your idea or product, you’re bound to encounter some serious mountains. According to a TD bank 2017 Business Survey, some of the key challenges that small US-based businesses face today are rising interest rates and rising healthcare costs, both…
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