Covering the Bases:
I recently received a great article by my friend Ed Pratesi, AXA,CM&AA,ABV. Yes, Ed is very bright. So when he sends me an article he was involved with I make time to read it. I think this article is extremely clear and helps business owners and advisors have a clearer vision of what goes into the Buy And Sell Arrangement.
So, needless to say, I am proud to make this available to you. Enjoy!
Abstract: Every business with more than one owner needs a buy-sell agreement to handle voluntary and involuntary ownership transfers. This article explains why it’s important to update the agreement regularly and address all the valuation issues that may arise.
This is a very good article concerning the need for an effective Buy-Sell Agreement.
I would like to thank Ed Pratesi for contributing this fine article.