Riverside, CA – Searching for Employee Benefits Provider for Buy-Sell Agreements

In the complex and ever-evolving world of business ownership and succession planning, safeguarding your company’s future is paramount. Employee Retention Benefits (ERB) stands at the forefront, offering strategic solutions and unwavering support through buy-sell agreements and life insurance funding. Our dedicated team works diligently to tailor agreements aligning with your unique business structure, ensuring seamless transitions and continued prosperity, even in the face of unforeseen events. With ERB, you can rest assured your business’s legacy and continuity are in capable hands, fortified by comprehensive planning and expert guidance.

What is a Buy-Sell Agreement?

A buy-sell agreement is a binding contract stipulating what happens to a business if an owner dies, becomes disabled or wants to sell their stake. It provides business continuity by outlining the transfer of shares to surviving owners. Life insurance provides capital to fund the share purchase by remaining owners. Having an explicit buy-sell agreement avoids difficult decisions at an emotional time.

Funding with Life Insurance

The critical component enabling a buy-sell agreement is life insurance for owners. Employee Retention Benefits (ERB) secures policies on each owner payable to the surviving owners. If an owner passes away, the life insurance death benefit funds the mandatory purchase of their shares. We help structure agreements defining the value per share and the required timeline for share transfer upon an owner’s death.


At ERB, we delve deep into the specifics of your business and its ownership structure, meticulously selecting and structuring life insurance policies to provide robust financial backing when needed most. Our commitment goes beyond securing policies; we serve as your steadfast partner, guiding you through the intricacies of policy management and ensuring the funding is ready and accessible when the time comes to enact the buy-sell agreement. This proactive and comprehensive approach ensures financial stability, providing a solid foundation for the business and peace of mind for all parties involved.

Types of Buy-Sell Agreements

ERB structures buy-sell agreements tailored to each business’s situation:

  • Cross-purchase: Remaining owners purchase deceased owner’s shares
  • Entity purchase: Company redeems the deceased owner’s shares
  • Hybrid: Combines both individual and company share redemption

We help determine the optimal approach depending on several owners, corporate structure, and share transfer intentions. Proper implementation provides business continuity and continuity of income for the deceased owner’s family.

Updating Plans as Businesses Evolve

As businesses evolve, buy-sell agreements need to adapt accordingly. At ERB, we regularly review continuity plans to ensure they align with the realities of the business. This involves making adjustments to ownership percentages as shares change hands, adding owners when necessary, increasing life insurance coverage to match the growing value of the business, and modifying protocols for transferring shares. We aim to ensure that continuity plans accurately reflect the growth and changes in ownership of businesses. 


At ERB, we take pride in securing business futures through customized buy-sell agreements and life insurance funding. Whether it’s accommodating new partners, adjusting to shifts in ownership percentages, or updating funding levels to reflect the business’s growth, we are meticulous in our approach. With ERB, you can trust your business continuity plans are not just set in stone but are living, breathing strategies that evolve and adapt, just like your business. Contact us today to learn more; we look forward to working with you!

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