Do you have a plan for your business if something unexpected occurs?
Through our SunTrust OneTeam Approach, we can work with you to develop a succession plan, often called a buy-sell agreement, that fairly addresses the interests of your heirs and surviving shareholders should the unexpected occur. We can help you plan early and plan well—the best recipe for transition success and a secure future for your business.
Though primarily focused on future events, our business succession planning services offer you tangible benefits right now. Lenders may regard your company as a better credit risk because of your succession plan. In addition, talented workers are more likely to remain with your company if they are confident that their careers will not be interrupted in the event of your death.
Our succession planning specialists will help you identify and answer many questions that are critical to an effective buy-sell agreement, such as:
- Who will buy the business interest?
- What event (such as death or disability) will trigger the sale?
- What will be the sale price?
- What are the precise terms of the sale?
We'll then help you tailor a plan to match your company’s structure and future objectives. With a sound business succession plan in place, you’ll be prepared for any contingency.