Learning Objectives:

• Explain how buy and sell agreement can be used for business succession planning
• Design the contents of buy and sell agreement for different types of solution
• Provide clients with total solutions with regards to financial planning and business insurance

Course Outline:

• Introduction to buy and sell agreement – content and uses
• Different types of common business structure
• Possible solutions for sole proprietorship
• Possible solutions for partnership
• Possible solutions for company
• Different policy agreements and funding methods
• The income tax implication of the different types of arrangement
• Practical case study on sole proprietorship and the design of the contents of buy and sell agreement
• Pratical case study on company and the design of the contents of buy and sell agreement for different solutions for company
• Buy and sell agreement fact finders
• Compliance and administration requirement

LIA CPD Hour: 12 hours (50% Knowledge, 50% Skills)