If you’re a business owner with partners, you may have heard of a buy-sell agreement. But do you know how crucial this document is to your estate plan? A buy-sell agreement is a legal contract that outlines what happens to your share of the business if you pass away or decide to exit the business.
Why You Need It
Without a buy-sell agreement, your business could end up in the wrong hands, or your family could be forced to sell your share for less than it’s worth. This agreement gives everyone peace of mind, knowing exactly how ownership will transfer and under what terms.
Even if you’ve already set up an estate plan for your personal assets, don’t forget to address your business interests too.
We can help you put together a solid buy-sell agreement that works in harmony with your estate plan.
