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If you’re not convinced yet, here are a few more reasons why you should set up a buy-sell agreement for your business right off the bat: 1. You’ll establish a fair value price for shares.
Buy-sell agreements can vary depending on the business owners' needs and the state’s statute for buy-sell agreements. Generally, they should include the following information: ...
1. Ensuring Business Continuity. A buy-sell agreement provides a clear framework for what happens when an owner exits the business. Without one, disputes among remaining owners or heirs may arise ...