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Two Buy-Sell Design Problems

by Harry S. Rhodes

Business owners are often faced with the question, “Do I need a buy-sell agreement?” The answer is “Yes, but only if the buy-sell agreement is properly designed and drafted and fits your situation.” The right buy-sell agreement can form an important part of a business succession plan and an estate plan. However, a poorly designed buy-sell agreement can create problems rather than solve them. Here are two¬†examples. Continue reading