Will Your Buy-Sell Agreement Work When You Need It?

Will Your Buy-Sell Agreement Work When You Need It?

To ensure a smooth ownership and management transition from one generation to the next, all closely held companies should have a business succession plan. And a key component of that plan needs to be a buy-sell agreement. A buy-sell agreement provides for the orderly transfer of ownership and control when an owner dies, becomes disabled or leaves the business. It also creates a market for...

Shareholder Disputes: The Good, The Bad And The Ugly

When owners don’t see eye-to-eye about major decisions, it can disrupt business operations and create serious issues at management and shareholder levels, especially if the parties wind up in court. One way owners can help themselves is to implement a valid, comprehensive buy-sell agreement. These agreements can also help facilitate potentially disruptive ownership changes in the event that an...

Buy-Sell Agreements Can Ensure Continuity

If you own a closely held business with at least one other partner, certain steps can be taken to guard against business disruption if you or the partner unexpectedly dies or becomes disabled. One of the most important steps is to create a buy-sell agreement. A buy-sell agreement is a critical component of business succession and exit planning for business owners. This agreement sets the terms,...