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SECTION III. “ Funding Your Buy-Sell Agreements and Key Man Coverages ”

SECTION III. “ Funding Your Buy-Sell Agreements and Key Man Coverages ”. Presented by Cohen Partners LLC: Mark Isack, CFP®, ChFC. Who will your new partner be???. The Buy-Sell Concept is Simple. Entity Buy-Sell Agreement Cross-Purchase Buy-Sell Agreement Wait & See Buy-Sell Agreement

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SECTION III. “ Funding Your Buy-Sell Agreements and Key Man Coverages ”

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  1. SECTION III.“Funding Your Buy-Sell Agreements and Key Man Coverages” Presented by Cohen Partners LLC: Mark Isack, CFP®, ChFC

  2. Who will your new partner be???

  3. The Buy-Sell Concept is Simple

  4. Entity Buy-Sell Agreement • Cross-Purchase Buy-Sell Agreement • Wait & See Buy-Sell Agreement • Disability Buy-Sell Agreement

  5. Business Owner & Executive Solutions

  6. Business Protection • Stay Bonus Plans • Key Person • Business Overhead Expense

  7. Key Person Insurance

  8. Why should I purchase Key Person Coverage?

  9. How Do Key Person Plans Work? Employer pays premium on, and is the owner and beneficiary. 1 Employer Life Ins. Carrier Upon the death of the key employee, the employer receives the death proceeds generally income tax free. 2

  10. Exit Planning Non- Family Family Sell to Co-Owner Sell to Employee or Third Party Sell to Co-Owner Sell to Employee or Third Party • Cross Purchase • Entity Purchase • Wait & See • Multi-Owner Buy-Out • Business Continuation General Partnership/ LLC • Installment Sale • Employee Stock Ownership Plan • Select Buy-Out Plan • One-Way Buy-Sell • Installment Sale • Transfer to Owner then Buy-Sell as Co-Owner • Cross Purchase • Entity Purchase • Wait & See • Multi-Owner Buy-Out • Business Continuation • General Partnership/ LLC • Installment Sale • Grantor Retained Annuity Trust • Employee Stock Ownership Plan • Select Buy-Out Plan • One-Way Buy-Sell • Gift Business • Installment Sale, Interest Only Installment Sale, or Self Cancelling Note • No-Sell Buy-Sell • Grantor Retained Annuity Trust

  11. Business Owner Key Findings Ranked Priority and Percent Offered

  12. Conclusions: • Protect the future of your Start-up Business with Buy-Sell Agreements and Key-Person Insurance • What are your priorities as a Start-up Business • Discuss with your insurance professional what Business Protection you need for your company’s current stage of development.

  13. Disclaimer This presentation represents our understanding of the Federal income, gift and estate tax law as currently interpreted. Summit Financial Resources, Inc., its affiliates, agents and representatives, do not offer tax or legal advice. We recommend that you seek specific advice regarding legal and tax matters from qualified advisors. The illustrations used in this presentation are purely hypothetical and are used solely to demonstrate the general concepts presented herein. Mark Isack is a Representative of, and offers securities through, Summit Equities, Inc., Member FINRA/SIPC,and, an Investment Advisory Representative offering Financial Planning Services through Summit Financial Resources, Inc. Supervisory Office, 4 Campus Drive, Parsippany NJ 07054 (973) 285 3670

  14. Thank you!

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