Discover how a cross-purchase agreement protects businesses by allowing partners to buy a departing partner’s shares, ensuring smooth transitions and business continuity.

These common instruments raise special considerations in the S corporation context.

Few business owners want to work with the spouses or children of a partner who can no longer perform their duties. In this situation, buy-sell agreements are best for severing ties. When a company has ...

Disaster strikes, your business partner unexpectedly dies. Much to your surprise, you have just inherited a new partner: your deceased partner’s spouse. Many business owners face this situation every ...

In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

Opinions expressed by Entrepreneur contributors are their own. For entrepreneurs starting or building a business with a partner or partners, one of the must-haves is a buy-sell agreement. This ...

If you are an owner of a business, what would happen if you or a co-owner were to die suddenly?Large problems can result from the death, incapacity, resignation, etc., of one of the owners. How would ...

What Is a Buy and Sell Agreement? A buy and sell agreement (or buy-sell agreement) is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner ...

Discussing buy-sell agreements with business owners, I sometimes get odd looks when I assign names to clauses they have, or don’t have, in their agreements. The owner might say, “If we’ve already set ...

There are numerous legitimate business reasons to establish a buy-sell agreement for a closely-held family business. Many of these agreements set the value for estate tax purposes when one of the ...