Checker
Is your buy sell agreement real, or is it a handshake?
Seven plain questions that separate a funded plan from a hopeful one, with your gaps named in order.
A buy sell agreement is only real if three things are true at the same time: it is written down, the valuation is current, and the money to carry it out actually exists. Most owners have one or two of the three. This check walks the seven questions that separate a funded plan from a hopeful handshake, and names the gaps plainly.
Your check
Nothing here is a verdict on your business. Every gap on this list is a known, fixable item, and most owners who run this check find at least two. The order matters more than the count: funding and valuation first, because an agreement without money behind it is the gap that hurts families most.
Walk the gaps through with Sean
Bring your check results, and your agreement if you have one. A free 30 minute conversation is the place to sort which gaps matter most for your business, and which can wait. No obligation, and no pressure.
Book a Free Conversation Call 613-983-3029
Reach out during working hours (9:00 AM to 9:00 PM Eastern) and you will hear from Sean within 2 hours. Reach out after hours and you will hear from Sean within 2 hours of the next working period.
How this check works
Each question maps to one part of a complete buy sell arrangement: a written agreement, a funding source sized to the shares, a current valuation, coverage for disability as well as death, an ownership structure for the insurance that matches the agreement and current tax advice, written exit terms, and a family that knows the plan with the tax at death accounted for. An answer that is missing, stale, or unsure is flagged as a gap for that part. The check is educational: it does not read your agreement, value your business, or give legal or tax advice. Agreements are drafted by lawyers, valuations are prepared by qualified valuators, and the funding structure should be confirmed with your accountant. Wealth Champions' role is education and coordination, so the pieces get built in the right order.
Framework: standard Canadian buy sell planning practice for closely held corporations, including corporate owned and personally owned funding structures under the Income Tax Act, described in plain language.
You do not have to sort this out on your own.
You don't have to figure this out alone. I'm here to help you through every step.
Reach out during working hours (9:00 AM to 9:00 PM Eastern) and you will hear from Sean within 2 hours. Reach out after hours and you will hear from Sean within 2 hours of the next working period.