Buy Sell Agreements funded with Life Insurance | HSBC Business Direct
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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 funded with life insurance.
Business succession plans to help your business survive 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 a source of funding 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
- If structured properly using appropriate valuation techniques, can help reduce the risk of disputes with the IRS over the correct value of the business in the owner's taxable estate
Request more information
Contact Us1 Family Firm Institute - www.ffi.org.
2 Customer service hours of operation are 6:00AM ET to 12:00AM ET.
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 |
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.
HSBC Business Direct is a trademark of HSBC Bank plc used under license by HSBC Bank USA, N.A.
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877.472.2249
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800.898.5999
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