Oct. 1, 2020
Maintaining Control in Closely Held Businesses: The Importance of Buy-Sell and Related Agreements
Preparation and planning is an essential part of sustaining any good business. As Benjamin Franklin famously advised, an ounce of prevention is worth a pound of cure. But in many instances owners may not think about what might happen when a co-owner wants to sell their interests or shares in the business to another person or company. Or maybe an owner unexpectedly passes away, files for bankruptcy, or goes through a divorce. Do you know what would happen to your business and its ownership in one of these situations? The good news is that these…
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