Buy-Sell Agreement – Do You Really Know What It Says?

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A Buy-Sell Agreement is an important transition and succession planning tool to help businesses manage changes in ownership due to life events such as: death, disability, retirement, and bankruptcy. It is in the best interest of a business with more than one owner to have a formal written Buy-Sell Agreement once the business reaches a certain value. Buy-Sell Agreements can take many forms and perform many functions. They may also raise significant tax, legal, and business issues that you may not have otherwise considered. This article will provide you the fundamentals of a Buy-Sell Agreement and what you need to …read more

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