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Cross-Purchase

If your business has co-owners, you probably need a buy-sell agreement

Buy-Sell Agreement, Small Business, Small Business Owners /

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted agreement can do these valuable things: Agreement basics There are two basic types of buy-sell agreements: Cross-purchase agreements and redemption agreements (sometimes called liquidation agreements). […]

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Dodge the tumult with a buy-sell agreement

Buy-Sell Agreement, Capital Gains, Gift and Estate Tax, Small Business, Small Business Owners /

Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experiences, and strategic areas of specialization. However, there’s a major risk: the company can be thrown into tumult if one of the owners decides or is compelled by circumstances, to leave. A logical and usually effective solution is to create and implement a

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How’s your buy-sell agreement doing these days?

Insurance, Partnerships, Small Business, Strategic Business Planning, Succession Plans /

Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and liability policy. For a company with more than one owner, there’s an additional type of risk-management arrangement that needs to be established: a buy-sell agreement. If your business has yet to create one, you should start

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