I have clients who recently formed a business partnership.  Beyond signing paperwork and filing with the Commonwealth, there are many aspects of a partnership that are overlooked.  We developed a business succession plan and both partners insured each other with a buy sell life insurance arrangement.  This would allow cash flow and facilitate business continuity should one of the partners step out.  The plans also will provide a tax-free income stream in retirement.

We also planned for the effect of a long term disability to a partner and solved the issue with specially designed tax-free income plans.

Although we are not at this point yet, I will be able to help them obtain medical and dental insurance for their company as well as set up a retirement plan.