Buy Sell Agreement | Business Insurance | HSBC Business Banking

Business Insurance

Buy Sell Agreements Funded with Life Insurance

Be prepared for every circumstance. Should one of your business partners decide to move on, protect your business and stay ahead of the curve with a buy sell agreement.

The Shard & Tower bridge in London, UK | HSBC Business Insurance

Business succession plans to ensure your legacy survives from one generation to the next

Why do you need a succession plan?
  • Less than one-third of family-owned businesses survive from first to second generation ownership, and only 12% make it to a third generation1
  • Without a succession plan, wrangling between the IRS, lawyers and your heirs could decide the fate of your company
How a Buy Sell plan can help
  • Creates an immediate market for a business owner's interests at death
  • Protects against unwanted owners entering the business
  • Provides funds for heirs to continue the business and/or pay estate taxes attributable to the business upon the owner's death
  • Reduces the risk of disputes with the IRS over the correct value of the business in the owner's taxable estate

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United States persons (including entities) may be subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.

1 Family Firm Institute - www.ffi.org.

2 Customer service hours of operation are Mon-Fri 8:00AM to 9:00PM ET and Sat 8:00AM to 4:30PM ET.

3 HSBCnet features and functionality may vary by country.

Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc offers Insurance products issued by third-party insurance carriers. Products and services may vary by state and are not available in all states.

Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

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Learn more about how Buy Sell Agreements Funded with Life Insurance can benefit your company.

Contact us

Or call our dedicated Business Banking Customer Service2 at
877.472.2249

TTY/TTD:
800.898.5999

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Real-time account access

Have a question?

Call our dedicated Business Customer Service Center at
877.472.2249

We're here Mon-Fri 8:00AM to 9:00PM ET and Sat 8:00AM to 4:30PM ET

TTY/TTD: 800.898.5999

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Estamos aquí para servirle. Si necesita ayuda en español o inglés, comuníquese con nosotros sin costo alguno al número 888.433.4722. Para llamadas por cobrar fuera de Estados Unidos, comuníquese al número 716.841.4288.

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