Whether you are expecting to leave your company or not a buy sell agreement is an essential binding contract for a business owner that can make the transfer of ownership a seamless process should the need arise.
If the business is a partnership, consideration should be given to the lifetime agreement among business owners as to how to dispose of the business.
Planning Needs Financial Group, financial planners can help you find the best buy sell agreement that is well crafted to suit the unique circumstances of your business.
Entity Plan – The corporation or partnership buys the interest of the deceased business owner. This type of arrangement is often used when there are several owners.
Cross-Purchase Plan – Each surviving owner agrees to buy the interest of any deceased owner.
Taking the time now to see that the business will pass in an orderly manner at time of death will benefit
all parties and their heirs. A written agreement can provide:
Place the future of your business in agreement, Contact Planning Needs Financial Group
today for a FREE consultation on how we can help you with your business financial planning!
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