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Business Owner Planning

As A Business Owner...What Concerns You Most?

"Passing the Baton"
If you had retired, died or became disabled yesterday, who would own, and who would run your business today?

Buy Sell Planning
In order to guarantee a buyer for the interest in a business, consideration should be given to a lifetime agreement among the business owners as to how to dispose of the business while providing the necessary liquidity to purchase the business interest.

"Key People - Maximizing Benefits"
If a key person left you today, would it be because a competitor offered a more attractive benefit package? If a key person died or became disabled today would it adversely affect your profits?

Key Person Insurance
Provide funds to recruit, select, and train the replacement of individuals who consistently make the right business decisions. It can replace lost profits while maintaining the confidence of customers, creditors and employees.

"Optimizing Personal Benefits"
Are you getting as much as possible from your business on the most tax-favored basis?

Executive Bonus Plan
Simple and easy to implement, this type of plan may provide a tax deductible discriminatory fringe benefit to an owner-employee or selected key employees by paying the premiums of a life insurance policy on the employee's life. The plan may also provide a tax-deferred cash value accumulation that may be used to supplement retirement income.

Shannon Insurance Group is a premier provider of solutions committed to satisfying the concerns of business owners and key employees in today's small businesses.
Shannon Insurance Group prides itself on Delivering Tomorrow's Solutions...Today.