Learn about the features and benefits of a buy sell agreement when considering the sale of your business.
- An owner’s interest in a closely held business often constitutes a significant part of his or her overall wealth.
- A buy sell agreement is an invaluable tool to help preserve a business’ long-term viability, ensure that each departing owner receives a fair price for his or her interest, and establish a funding source for the purchase of each departing owner’s interest.
- The buy sell agreement should be treated as a “living document” that will evolve as a business moves through its life cycle and the owners’ personal circumstances change.
A buy sell agreements has many benefits, the most critical of which is to help current owners maintain control and to preserve the marketability of ownership interests.
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