Buy-sell agreements are important for all businesses. Yet they are often misunderstood by even veteran business owners. Understanding the purpose and functions of buy-sell agreements is vital to successful long-term operations and profitability.
Buy-Sell Agreement Functions
Accept that, for most entrepreneurs, executing buy-sell agreements, challenge business owner objectivity. They’re not thinking about selling or leaving their special relationship with their company, their brain child. Yet, prior to startup is the perfect time to create a protective buy-sell agreement.
To clear away the confusion surrounding buy-sell agreements, contact Sackett & Associates Insurance Services located in Sonoma County, California. Their professionals will give you the advice you need to create an appropriate buy-sell agreement to protect you, your business and your family. These agreements protect your business should you die, face divorce or owner disagreements that could destroy your company.