Often described as a "business will" or "business prenup", the Buy-Sell Agreement is used to protect the owners from financial risks in case certain business events occur. The agreement may include provisions for death, disability, retirement, divorce, and voluntary and involuntary transfers (including sales and bankruptcy). It is appropriate for any business entity and controls how the owners of a business can sell their interests in the business, to whom, when, and at what price. The Buy-Sell Agreement should be completed when the business is formed or soon thereafter.
Use the Buy-Sell Agreement document if:
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