Turpin Insurance ® 2008 Todos los derechos reservados BUSINESS PROTECTION Inter-Partnership Insurance.

Presentación del tema: "Turpin Insurance ® 2008 Todos los derechos reservados BUSINESS PROTECTION Inter-Partnership Insurance."— Transcripción de la presentación:

1 Turpin Insurance ® 2008 Todos los derechos reservados BUSINESS PROTECTION Inter-Partnership Insurance

2 Turpin Insurance ® 2008 Todos los derechos reservados How do you avoid the decapitalization of your business and still maintain control of it when facing the unexpected death of a partner? By buying the shares from the beneficiaries of the deceased. “In the event of premature or unexpected death of one of the business partners, you may face the problem of settling the partner’s beneficiaries and releasing the firm from any moral or financial liability, as well as avoiding the presence of a new partner, heir of the deceased that may be unwanted within the firm.”

3 Turpin Insurance ® 2008 Todos los derechos reservados One way to handle the problem: Lack of experience and incompatibility of characters Accept the heirs in the company Lose your life’s work and time invested Sell the company to the heirs or to unknown people With what money? Buy the shares from the heirs Who knows who they are? Accept the people that the heir assigns to the company The surviving partners would have to …

4 Turpin Insurance ® 2008 Todos los derechos reservados A better alternative is: Would the heirs be willing to sell? With what money would the shares be bought from the heirs? How to execute the purchase of the shares? Buy the shares from the heirs

5 Turpin Insurance ® 2008 Todos los derechos reservados Benefits: Liquidity to buy the shares from the heirs. Increase the number of shares that can be divided proportionally among the surviving partners. The way to carry it out: With a notarized contract of the share’s sale Inter-Partnership Life Insurance

6 Turpin Insurance ® 2008 Todos los derechos reservados Inter-Partnership Life Insurance Advantages: No outsider would have access to the insurance benefit. The number shares would be divided in equal parts among the survivors according to the initial contract.

7 Turpin Insurance ® 2008 Todos los derechos reservados An irrevocable, notarized contract of sale. A life insurance policy that will cover the shares’ value. The solution: Buying the shares from the deceased partner’s heirs, is the best solution to this serious problem. This alternative generally covers the needs and meets the objectives of both parties: surviving partners and the heirs. The problems we have presented here can be solved very easily if the following is established: Si necesita más información, escríbanos a turpinins@turpinins.com, llame en San Antonio, Texas al 210 479 7454 o gratis desde la Ciudad de México al 5669 3700 Ext.12. Inter-Partnership Life Insurance