If you`re like many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner: *wants out of the business?
*wants to retire?
*goes through personal bankruptcy?
*wants to sell his shares to someone else?
*goes through a divorce?
*passes away?
To make sure there`s a smooth transition following someone`s departure, it`s essential that you create a sort of "premarital agreement" for your business with a buy-sell agreement. This legal document clarifies when co-owners can sell their interest, the circumstances when someone must sell, who can buy into the business and what price will be paid.
Buy-Sell Agreement Handbook walks you through creating your own buy-sell agreement, which is included on CD-ROM and as a tear-out. It provides all the tax and legal information you need at every step.
The 2nd edition, completely revised and updated, covers the latest estate-tax changes and how your agreement can affect your estate taxes.
