What do Buy-Sell Agreements accomplish?
What would it be like to be in business with your partner’s spouse and children? An agreement to buy and sell among all of the stockholders of a corporation or all of the partners of a partnership can help the business to weather the storms of the death or divorce of one of the owners, or the death of an owner’s spouse, as well as business disputes between the owners. In addition, a properly insured Buy and Sell Agreement will allow a business to survive the death of an owner, particularly in meeting its loan obligations and providing a nest egg for the deceased partner’s spouse.
