Business Owner Succession Strategy

If you are a business owner looking for ways to reward yourself or key employees with a tax-advantaged retirement program, B.O.S.S. is a program worth considering. It is a non-qualified benefit plan for business owners and key employees

Designed To:

Attract, Reward and Retain key employees

Income tax-free retirement income

Provide tax-deferred
growth

Income tax-free death benefits to heirs

How It Works

  • A partnership is formed between your C-Corporation and one or more of its owners.
  • The company and owners make capital contributions to the partnership.
  • The partnership purchases life insurance on the owners.
  • Death Benefits can be used for buy/sell or personal insurance needs.
  • Cash Values can be used for future retirement needs.

Results

  • Policy premiums paid by the company, although not tax-deductible by the company, are income tax to the insured-owner and partnership.
  • The company will be reimbursed for premiums paid income tax-free.
  • Policy death proceeds will be received income tax-free.
  • Policy cash values will grow income tax-deferred.
  • Policy cash values can be accessed by the partnership income tax-free through policy withdrawals or loans.
DOWNLOAD SAMPLE B.O.S.S. PROPOSAL

Our proprietary proposal system takes the B.O.S.S. concept and brands it to your firm. You can select the demographic images, and the color scheme will match your branded colors.

DO YOU HAVE AN ACTIVE CASE?

If you have an active case, you can request a customized proposal for your clients by clicking the button below.

DO YOU WANT TO DISCUSS ANY OF OUR STRATEGIES?

f you would like to discuss this or any of our other strategies, feel free to set up a time to connect with our team.

Demographics: 

Business Owners making $250k+; Business owners who want to save on taxes.