Learn about the features and benefits of a buy sell agreement when considering the sale of your business.
- A buy sell agreement is an essential part of a comprehensive exit strategy.
- The 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.
- Buy-sell agreements have many benefits, the most critical of which is to help current owners maintain control and to preserve the marketability of ownership interests.
An owner’s interest in a closely-held business often constitutes a significant part of his overall wealth. For an owner who is concerned about preserving the value of this business capital for himself, and/or as a legacy for his family, a well-drafted buy sell agreement (BSA) by and among all of the owners is critically important.
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