Joseph, Thomas, Stuart, And Gordon Each Own 25% Of A World-Renowned Corporate Training Firm Earlier This Year, One Of The Companies That They Do Business For, Star Labs Inc., Was Dissolved Due In Large Part To A Dispute Between The Various Shareholders When Deciding How To Deal With A Disabled Partner Who Was No Longer Able To Contribute Adequately To The

 

Joseph, Thomas, Stuart, and Gordon each own 25% of a world-renowned corporate training firm. Earlier this year, one of the companies that they do business for, Star Labs Inc., was dissolved due in large part to a dispute between the various shareholders when deciding how to deal with a disabled partner who was no longer able to contribute adequately to the success of the business. Joseph, Thomas, Stuart, and Gordon are determined to avoid such a situation. What would you recommend to the partners to address this specific concern? Key person coverage Business loan protection Disability business overhead expense (BOE) insurance Disability buyout coverage