Buy/Sell Agreements

Why Every Business Needs a Buy Sell Agreement

A buy sell agreement is an essential succession planning tool, designed to safeguard the continuity of your business. Clearly defined, this agreement ensures that surviving partners or key management have the right and means to acquire an agreed share of the company upon an owner’s departure or death.

Tailored Valuation Methods

Your buy sell agreement can specify a predetermined price, rely on an impartial valuation from an independent business valuation expert, or outline a specific formula for calculating your business value. Flexibility is the hallmark, providing confidence that your business valuation remains fair, accurate, and aligned with current market realities.

Secure Funding for Smooth Transitions

Effective buy sell agreements include clearly established funding provisions. Whether through immediate cash payments, structured installment terms, or life insurance policies, securing reliable funding mechanisms is vital. Life insurance frequently serves as an efficient and affordable funding option, particularly upon the death of a key business principal.

Expert Attorneys for Your Buy Sell Agreement

Our experienced business and tax attorneys specialize in creating and updating customized buy sell agreements. We provide clear guidance, meticulous planning, and strategic advice to protect your business legacy and ensure a seamless transition for your partners, family, and stakeholders.