Protect your business with a Buy-Sell Agreement
Protect your business with a Buy-Sell Agreement.
A buy-sell agreement is one way to help ensure the continuation of your business, guarantee a buyer and help make sure your family is taken care of financially.
A buy-sell agreement is a legally binding agreement that requires one party to sell, and another party to buy a particular ownership interest in a business.
These agreements can be designed to protect the business from certain triggering events, the most common of which are often referred to as the five D’s — death, disability, divorce, departure (either voluntary or involuntary) and disqualification (pertains to malfeasance that would require an individual to be removed from an ownership position).
Schedule a complimentary consultation to learn more about how a Buy-Sell Agreement may work in your business.