Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Insurance agent Ricardo is recommending that Rob and Samuel, the oviners of a manufactiring firm put in place a properly funded buy sell agreement. Should

image text in transcribed
Insurance agent Ricardo is recommending that Rob and Samuel, the oviners of a manufactiring firm put in place a properly funded "buy sell" agreement. Should one owner die, it protects the surviving business owner, the business itself, the surviving family or other beneficiaries of the deceased owner. How can a properly funded "buy sell agreement ensure that the business is protected? Select one: a. It provides a non-mandatory sale, it provides guaranteed funding through life insurance, it does not provide a guaranteed buyer for the business, it helps in the easy valuation of the business. b. It can provide guaranteed funding through life insurance, it provides a mandatory sale to the surviuing owner, it provides guaranteed value and it provides a puaranteed buyer for the business. C. it can provide a guaranteed buyer for the bu'siness, it can provide guaranteed value, it simes time, it provides an orderly transition of the business to the new owner. d. It can provide funding through life insurance or other sources, it provides a mandatory sale to the surviving owner, it does not provide guaranteed value as the value of the business will change over time

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Care Finance Economics And Policy For Nurses

Authors: Betty Rambur

2nd Edition

0826152538, 978-0826152534

More Books

Students also viewed these Finance questions

Question

Command to verify ` auditd ` is active:

Answered: 1 week ago