BLOG

A buy-sell agreement is a great tool to help you and your fellow business owners deal with some difficult issues that may come up in the course of running a business.

Have you ever wondered what would happen to your company if you if you could not continue to personally run it?

Unfortunately, you can never know what tomorrow will bring. If you are currently operating without a buy-sell agreement in place, consider putting this at the top of your priority list.

The buy-sell business continuation agreement is a powerful instrument in helping to assure that the hopes and dreams of its original founders may continue unabated.

Planning for certain contingencies, such as death, disability, or retirement, is a concern that affects all business owners.

When the pace slackens, are you ever nagged by thoughts of what would happen to your company if it was unable to carry on due to your death or disability? These concerns may seem like remote possibilities. However, by putting them off, you may be placing the future of your business at risk.

A buy-sell agreement will ensure that your family, and those who depend on your business, will continue to benefit from the legacy of your business.

Having a buy-sell agreement assures the departing owner (or the family) that there is a guaranteed buyer who will buy the business at a fair price. The buying shareholders benefit because the agreement enables them to continue the business without having to negotiate with outside parties.