Drafting and reviewing your buy-sell agreement
A buy-sell agreement is essentially an estate plan for your business. The main purpose of executing this agreement is to clearly outline who is permitted to purchase the owner’s share of the business, when that owner exits the organization. It will often provide a specific price for the business, or spell out the means to determine the value. The buy-sell agreement protects the business owners, their families, and their employees.
Leave a comment