A buy-sell agreement helps prevent future problems. Here’s what you need to know about setting one up. Many, or all, of the products featured on this page are from our advertising partners who ...

Buy-sell agreements are needed to plan for the occurrence of these critical events, which may place the business’ continued success and survival at risk.

An updated, funded buy-sell agreement can allow a surviving partner to maintain sole control of the business if one of the owners or partners were to die prematurely or become disabled.

A buy and sell agreement stipulates how a partner's share of a business may be transferred should that partner die or leave the business.

Email newsletter signup But how will a death affect a small business? One way of safeguarding a business is to create a buy-sell agreement.

By Brad WrightRunning a business is a complex endeavor that requires careful planning and foresight. One of the most critical yet often overlooked aspects of business planning is succession planning.

According to a survey of 424 business owners with partners, nearly four out of five had buy-sell agreements (Exhibit 1). Death is the most common trigger event written into buy-sell agreements.

If you’re running a business with partners, having a buy-and-sell agreement in place is crucial. But why, you may ask? The answer is pretty straightforward. Here’s the deal: When you pass away ...

An updated, funded buy-sell agreement can allow a surviving partner to maintain sole control of the business if one of the owners or partners were to die prematurely or become disabled.

Buy and sell agreements stipulate how a partner's share of a business may be transferred in the event of their death or departure. Buy and sell agreements may also establish a method for ...