Too many new business owners overlook the importance of having a buy-sell agreement.
If a business partner becomes disabled, passes away, or departs the business, they leave the future of their business on shaky ground and open to costly disputes with the remaining partners.
Today, Jonathan Freeman is joined by John Parise and Michael Parise of Copper Beech to discuss buy-sell agreements.
The father-son pair uncover why buy-sell agreements are important, best practices for avoiding additional stress and legal bills, and what events trigger a transfer of ownership.
In this episode, you will learn:
- What buy-sell agreements are and why every business needs one
- Which type of buy-sell agreements is right for your business
- What voluntary and involuntary trigger events can initiate a transfer of ownership
- What to consider when drafting a buy-sell agreement so that it’s tax-efficient
- And more!
Tune in now to learn more about buy-sell agreements!