“What would happen if the unexpected was to occur, namely, if you or another business owner were suddenly unable to continue in the business due to death, disablement or a traumatic event?” This is a common question asked when you are developing a succession plan.
Buy/sell agreements assist in a smooth transition between departing owner and the remaining owners who wish to carry on with the business. Buy/sell agreements may often form an important component of business succession plan.
For further insight into what a buy/sell agreement is, watch our animation and see how it may help with your business succession.
