Business Succession

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 4 min read Definitions
Cross Purchase Plan: Strategic Succession Planning for Businesses
Insurance Finance Business Succession Partnership Life Insurance Buy-Sell Agreement Business Planning
The Cross-Purchase Plan is a type of business succession plan used predominantly in partnerships and small corporations to ensure smooth ownership transitions in the event of a partner's death or disability. This plan involves partner-owned life insurance policies designed to fund the buyout of the deceased or disabled partner's interest.
Read more about Cross Purchase Plan: Strategic Succession Planning for Businesses.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.