Critical Considerations When Drawing Up a Buy-Sell Agreement

One estate planning tool that can protect your family and partners is a buy-sell agreement. This legal document gives owners the first chance to buy an interest in the company if another owner pulls out or dies. Ideally, these contracts are drawn up when a business is launched, but they can be entered into later.

Note: Most buy-sell terms are incorporated in the operating agreements for an LLC or the shareholder agreements for a corporation.

But don't wait too long. If you die without an agreement, it may be difficult for your heirs to know how to handle important matters that could have a significant effect on the value, continuation or disposition of your business. Further, if your partner dies, you may be stuck with new, unexpected partners.

Even if you stay with the company for decades, the time to prevent disputes is before they occur. Minimize legal fees, as well as sleepless nights, by solving "what if" issues now.

Ask these questions to determine where you need professional assistance to prevent future problems:


Type of Agreement

Price and Time




Covenant Not to Compete and Other Considerations

We Help You Get to Your Next Level™

Get in touch today and find out how we can help you meet your objectives.

Call Us