Buy/Sell Agreements
A buy/sell agreement is sometimes referred to as a buyout agreement. It is an agreement that covers what happens should one of the owners of a business die, be forced to leave the business, or simply chooses to leave. You might want to think of this as a pre-nup for people who have gone into business together. A buy/sell agreement is funded with life insurance on the participating owners lives and governs who can buy the shares of the owners leaving the business, what events will trigger a buyout and the price that will be paid for the percentage of shares owned by the leaving partner/owner. Contact us using the form below to discuss how a buy/sell agreement can help protect your business.
