C3 Financial Partners

June 2024 Newsletter

Is Your Business Ready?

For many small and medium-sized businesses, a few key individuals drive growth and profitability.  Which raises the question – what happens to the business should one of those key individuals die suddenly?

Business owners need to plan ahead to find ways to mitigate the damage that can be caused by certain events, such as the sudden loss of a key person.  Fortunately, there is a tool that can help these business owners ensure that their business can continue through these situations.

Our blog this month explains key person insurance and how it can help ensure a business survives, even when faced with the unthinkable.

At C3 Financial Partners, we work with business owners and their advisors to identify potential liabilities that need to be addressed if their business should suffer the loss of a key person.

 

Learn More


 

IRS Applicable Federal Rate Update

Ending a four month trend, the latest update to the AFR rates saw decreases in each of the short-term, mid-term, and long-term rates. To see the updated rates, head to the link below.

And please note – you can access the link on our homepage to check current and historic AFR rates at any time!

See The AFR Report


 

The Supreme Court and Buy-Sell Agreements

The Supreme Court recently released its decision in the case of Connelly v. United States – and that decision impacts certain types of buy-sell agreements.

Click the link below to learn more about the decision and its effect.  If you have questions about the case or buy-sell agreements (including any you may have in place), reach out.

Learn More


Securities offered through Valmark Securities, Inc. member FINRA, SIPC.  Investment advisory products and services offered through Valmark Advisers, Inc., an SEC Registered Investment Advisor.  Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed.  C3 Financial Partners is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.

The information presented here is for educational purpose only and is not intended to provide specific advice or recommendations for any individual nor does it take into account the particular investment objectives, financial situation or needs of individual investors.  This material is not intended to provide and should not be relied on for tax advice.  Any tax advice contained herein is of a general nature.  You should seek specific advice from your tax professional before pursuing any idea contemplated.

 

Individuals and businesses, even nonprofits, engage us to identify, prepare for, and manage some of the risks they can't control.

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