Taking Care of Business
As you enjoy the peak of summer, don’t put your business owner clients on summer break. Now more than ever, these clients need solutions to retain and reward their key employees and help ensure effective succession planning. Two recent developments are driving interest in business planning — these include the FTC rule on non-compete clauses and the Connelly case.
Our new It’s not fair — FTC bans non-compete clauses blog discusses the FTC ruling and new limitations. Possible alternatives to help employers retain and reward key employees may be Executive Bonus Plans or Restricted Endorsement Bonus Arrangements.
Given the outcomes of the recent Connelly case, business owners may also be seeking options for their buy-sell planning. Our updated Entity-redemption buy-sell planning after Connelly v. United States blog offers valuable insights to guide your conversations during succession-planning reviews.
Stay up-to-date with our continuously expanding and popular Client Profiles series. These one-page snapshots are designed to help you identify potential opportunities and creative solutions using life insurance.
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