A Buy and Sell Agreement is a legally binding contract that outlines the process for handling an owner's share of a business if they leave the company due to death, disability, or retirement. This agreement is crucial for ensuring business continuity and protecting the interests of all partners involved.

 

Key Benefits:

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• Business Continuity: Ensures the smooth transition of ownership.

• Fair Valuation: Establishes a fair price for the departing owner's share.

• Protection: Protect your business from potential disputes and financial instability.

 

Tax and Estate Implications:

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• The proceeds from a Buy and Sell Agreement can be structured to minimize tax liabilities.

• Ensures clarity and security for the estate of the departing owner, protecting beneficiaries from unexpected financial burdens.

 

To ensure your business is protected and your interests are safeguarded, contact us today for a comprehensive consultation on setting up a Buy and Sell Agreement tailored to your needs.