Blog Posts

DISCLAIMER: The information provided as education only. Neither the presenter nor ENNIS Legacy Partners is engaged to render legal, accounting, or other professional services. Consult a qualified professional for advice specific to your situation. ENNIS Legacy Partners assumes no legal liability for any loss related to information contained in this presentation.

Understanding the Taxation of Key Person Insurance
Build Transferable Value, Business Continuity, Exit Planning Pat Ennis Build Transferable Value, Business Continuity, Exit Planning Pat Ennis

Understanding the Taxation of Key Person Insurance

Key person insurance plays a vital role in protecting businesses from the financial impact of losing key individuals within the organization. It provides a safety net by compensating the company for the loss incurred due to the death or disability of a key employee. While key person insurance is a valuable risk management tool, business owners must understand the taxation aspects associated with these policies.

Read More
An Often Neglected Means Of Protecting Business Value
Build Transferable Value, Business Continuity, Exit Planning Pat Ennis Build Transferable Value, Business Continuity, Exit Planning Pat Ennis

An Often Neglected Means Of Protecting Business Value

One of the compelling and common characteristics of successful owners is their optimism.  Their “glass is always half full” attitude results in the risk-taking, perseverance, and innovation it takes to build and grow a successful business.  And, like it is with any personal strength, this strength of optimism can quickly become a weakness when there is a need to plan for the gloomy business contingencies of death and disability.  What happens to the business due to either of these less than optimistic events is probably the last thing an owner wants to think about.

Read More