Shareholder or Partner Planning
Shareholder or Partner Planning (Unanimous Shareholder Agreements and Buy/Sell Agreements)
If shareholders are among your business’s stakeholders, Wiegers Financial & Benefits can assist you in ensuring that the business continues to operate smoothly in the event of a shareholder disturbance. Unanimous Shareholder Agreements (USA) define when, why, how, to whom, and under what terms a shareholder may or must turn over beneficial ownership of shares to others. A USA typically outlines what will happen if a working shareholder is unable to perform his or her business responsibilities because of retirement (voluntary or involuntary), disability or death.
A Buy/Sell Funding Agreement can supplement or be used in lieu of a USA. It is designed to ensure that partners or shareholders have the cash available to purchase the interest or shares of a disabled or deceased partner or shareholder. If this type of agreement is appropriate to your situation, your Wiegers Financial & Benefits advisor will advise you accordingly. He or she will also make recommendations concerning insurance policies that could provide the funding necessary under the terms of the agreement.