A local two-partner design firm reached out after realizing their business had no plan for what would happen if one owner became disabled or passed away. Their entire operation depended on both founders, leaving employees and clients exposed.
We implemented a buy-sell agreement funded with life insurance, ensuring that if either partner died, the surviving owner could buy out the interest smoothly without financial strain or family conflict.
We added key person coverage and individual disability policies to protect against the loss of income during an extended absence, giving the firm breathing room to stabilize.
We also introduced a tax-efficient benefits structure to help retain their small team. The owners now run their business knowing a single unexpected event won’t dismantle everything they’ve built over the years. We review the plan as their revenue and staffing evolve.
Client: Cedar Lane Design Studio, South Jersey