A properly drafted buy-sell agreement provides for continuity of ownership and management and for the afforable funding a significant buyout.

We counsel a business operating as a C or S corporation, a partnership, or a limited liability company.  We examine with our clients the benefits of a buy-sell from the perspective of each party that can have an interest in the agreement.

A buy-sell agreement also provides a mechanism for determinng the purchase price and providing a funding source, primarily through life or disability buy-out insurance or seller provided financing so that the liquidity needs of the business and its remaining owners will be manageable.

Among the steps in creating a sound buy-sell plan are:

• Choosing the right type of buy-sell agreement

• Using a buy-sell agreement to set the value of a business interest

• Funding purchase obligations under a buy-sell agreement

• Planning the tax consequences for the entity and the departing owner

• Examing special concerns when dealing with family-owned businesses

• Using a buy-sell agreement to establish the estate tax value of a business interest

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