Buy-Sell Agreement Strategies

A buy-sell agreement is a legal plan that outlines how business owners will buy or sell their shares if someone wants to leave, retire, or passes away. Strategies within this agreement help ensure a smooth transfer of ownership, protect the business, and provide financial clarity. Common strategies include funding the buyout with life insurance, setting predetermined prices or formulas for valuation, and establishing buyout terms and timelines. These provisions help prevent disputes and maintain business stability during times of change, ensuring continuity and safeguarding everyone's interests involved in the business.