Buy/Sell Agreements / Business Continuation Plan

Buy Sell AgreementsA Buy-Sell Agreement is a written document between two or more individuals, or corporate partnership owners, mapping out how a stake holder’s ownership share in a business will be purchased by the surviving shareholders, and distributed to the decedents survivors should a shareholder die or become disabled. The other important part of the agreement is to state in writing the terms and conditions of how an owners share is purchased by the remaining owners when a shareholder retires, and at what value.

 

The agreement covers what shareholders want: the prompt transfer of a decedent’s business interest, the full control of the business without interference from the deceased shareholders family, and continuing financial stability.

 

The decedent’s heirs want: top dollar for their love one’s interest in the business, prompt settlement of the decedent’s estate, a fixed value of the business share for I.R.S. purposes, and relief from financial worry.

Let a Statland & Katz professional work with you and your other professional advisors to guide you through establishing a Buy-Sell Agreement satisfying the needs of death, disability and retirement.
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