Small Business Owner Continuity & Key Person Planning

A local South Jersey contracting company with three owners approached us concerned about what would happen to the business if one partner passed away or became disabled. They had grown fast but never formalized a protection strategy.

We helped them implement a buy-sell agreement funded by life insurance, ensuring the surviving partners could buy out an owner’s share without draining company cash flow. We also added key person coverage on their lead estimator, whose expertise drove much of their revenue.

Disability protection was layered in for each owner, along with a review of tax-efficient strategies to keep more of what the business earned.

Today the partners have a clear, documented plan that protects both the business and their families. Lenders and their accountant have both noted how much stronger the company’s foundation looks with these safeguards in place.