Menu

610-948-4830     info@ronblackagency.com

Buy/ Sell

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

Updated Office Hours!

As we continue to monitor ongoing developments related to the coronavirus (COVID-19), please know that nothing will compromise our commitment to take care of our employees as well as our clients and the things you trust us to insure.
 

Our Agency has been in business since 1922 and we remain committed to being in business well past our current normal provides us all with a future normal. As an "essential business" under Governor Wolf's ruling, we have strategically staggered the times that we go into the office to check the mail and anything else that is needed. The lobby is currently closed but we are certainly available to communicate by phone, email and/or video chat if you like. Just reach out to either of us and we'll make arrangements that best suit your needs.


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 by simply logging on 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.