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610-948-4830     info@ronblackagency.com

Buy/ Sell

Funding provided for a business owner
for the purchase of the business itself.

Updated Office Hours!

Our Agency is taking proactive steps to help protect the health and well-being of our employees, clients and industry partners alike.  Effective immediately we will be closing the office completely until such time that allows us to reopen. We have always invested in technology that allows us to operate outside of a traditional office setting which will allow us to continue to serve all clients needs while keeping our employees safe during this health pandemic.  We will be checking our voicemails remotely throughout the day so feel free to leave a message.  We also have access to both our email as well as our cell phones during this difficult time. We will get back to you as soon as we can if we do not answer right away.  

Please be assured that you always have the ability to access all of your policy information via the carriers that we have you insured with at any time.  Simply logon at the carriers site or their mobile app.  Each app is a free download from your own app store if you don't have it already.  In both you have full access to your policy information including ID cards and billing.  Any bills can be paid in either the sites or their respective apps or by calling us or the carrier directly.  We realize that this may be an inconvenience for some and hope this is a short-lived response to our current healthcare situation as we do enjoy when all clients and partners come into the office.  Thank you for your consideration and please stay healthy! 

Buy-Sell Planning

A buy-sell agreement is an arrangement for the orderly transfer of a business interest.  At its core, a business succession plan identifies contingent issues affecting anyone that has an ownership interest that need to be addressed when designing a valid buy-sell agreement.  While we can help with the funding of a properly executed buy-sell agreement, you should also get your team involved in the actual wording and execution of your buy-sell.  This team should be constructed with a trusted Estate Attorney, Accountant or CPA, Financial Planner and the like.  There are 5 generally accepted methods of a properly constructed buy-sell agreement including personal funds, sinking funds, borrowed funds, installment payment plans, and life and disability insurance.  Only the latter proves the immediate funds necessary to fund the transfer of ownership. 

Benefits

A properly structured and funded buy-sell agreement can protect the interests of the business owners helping them assure the continuation of the business, protect its creditors and assure its customer base that the business will in fact survive the loss of an owner.  Other benefits include and are not limited to:

  • Guarantee a buyer - the selling owner knows there is a purchasing business owner well in advance.
  • Selling price is pre-determined - the buy-sell stipulates exactly what the purchasing price will be when the time comes.
  • Liquidity - all owners involved can rest assured that the funds will be readily available to execute the agreement so everyone maintains their standard of living.
  • Peace of Mind - surviving business owners will not be forced to deal with difficult negotiations with family members or business partners as the succession plan has already been put in place. 

Our Communities

Since 1922, we have proudly insured and protected the families and business's of Royersford, Limerick, Spring City, Phoenixville, Collegeville, Schwenksville, Pottstown, Skippack, Harleysville, Souderton, Lansdale, North Wales, Chalfont, New Britain, Norristown, King of Prussia, Blue Bell and our surrounding communities.