The death of an owner or partner of a business can cause financial problems and hardship for the business. Buy-sell agreements are plans used by
members of a partnership and stockholders in closely-held corporations to assure that funds are provided to allow remaining owners to buy the
deceased's portion of the business.
In order to guarantee a buyer for the interest in a business, consideration should be given to a lifetime agreement among the business owners as to
how to dispose of or continue with the business.
Advantages of Buy-Sell Agreements
|Buy Sell Agreement