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“The transition after a death can be made much easier with a buy-sell agreement.”
“A buy-sell agreement is a critical first step in exit planning.”
“Instead, the buy-sell agreement mandated the purchase of life insurance to cover both partners.”
“If you have a partner, you should consider setting up a buy-sell agreement that says what happens to the business if one or the other owner dies or gets sick.”
“My brother-in-law had a buy-sell agreement when he unexpectedly died leaving behind a wife and five children.”
“In most cases, the buy-sell language is either included in the operating/partnership/shareholders agreement or it is contained in a separate buy-sell agreement.”
“Buy-Sell Agreements - Almost every business that has two or more owners has, or should have, a buy-sell agreement in place if you don't, you need to get this taken care of ASAP!”
“Since the ownership interests in a closely held business are fairly illiquid, a well-drafted buy-sell agreement should provide for:”
“In addition, a buy-sell agreement can and often should do the following:”
“For those with partners, he suggests inking a document known as a "buy-sell agreement" that includes life insurance and disability, if possible.”
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