A buy/sell agreement is essential for businesses with multiple owners. Think of a buy/sell agreement as an internal contract between members, shareholders, or owners of a business that spells out what happens to the shares of a departing business owner. They are designed to address and mitigate the business problems that arise when one of the owners of a business dies, retires, or departs in any other way.
Having a buy/sell agreement in place is very important. It can protect you and your family’s interests in the event you become disabled or die unexpectedly. Buy/sell agreements are viable for virtually every type of business entity, including C corporations, S corporations, partnerships, and limited liability companies (LLCs).
Contact John C. Grundy
Whether you have just started a business or you have been in a partnership for years, The Law Office of John C. Grundy can help protect you and your business with a buy/sell agreement. Contact our firm online or call us a 330-637-9030 for a consultation.