Our Company Business Continuation

Business Continuation and Succession Planning - For most business owners, their business is most important asset in their estate. Ironically, most business owners have no idea of how to structure their ownership transfer to successors, what to consider in valuation, buy-sell documentation or buy-sell funding. Without proper planning:

1. There is no preset plan for how the buy-out of an owner will actually occur,
   
2. There is no funding for a retirement buyout, or worse yet, a buy-out due to early death or disability,
   
3. There is no pre-determined, agreed upon, equation to value the company for buy-out, almost assuring a disagreement at the time of sale,
   
4. Families may be forced to liquidate the business to raise cash for estate taxes and settlement costs.
   
5. The business or ownership will likely be liquidated for under fair market value or have little value in the absence of the owner.

Buy sell planning is the only way to truly address these concerns. Have you already done your business succession planning? If you haven't, or if it's been a while since you made your plans, one of our business succession experts at First Financial Group will be glad to meet with you and review your needs.

Why is a business continuation plan important? Without a written business continuation agreement, many problems like litigation, discontent, confusion, loss of customers, sale of business at less than market value, and unnecessary taxes and expenses, can arise. Surviving owners often have very different priorities than heirs:

First Financial Group. 401 Washington Ave. 6th Floor. Baltimore, MD 21204. Tel: 410.828.5400

Securities products and services through Park Avenue Securities LLC (PAS) 401 Washington Avenue 6th Floor, Baltimore, MD 21204 (410) 828-5400. PAS is an indirect wholly-owned subsidiary of The Guardian Life Insurance Company of America, New York, NY.  First Financial Group is not an affiliate or subsidiary of PAS or Guardian.   We have registered representatives securities licensed in all states. The financial representatives of First Financial Group are not licensed to sell insurance in all 50 states.  To find out if an agent is licensed in your state, please contact Sharon Klipner at 410-828-5400, extension 4125.

PAS is a member FINRA/SIPC.

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