Buy-Sell Agreements

A buy-sell agreement is a contract that sets out the terms and conditions of a future sale of your business. These terms and conditions may include the name of the buyer(s), when the sale will take place, the purchase price and how the purchase price will be paid. This type of agreement is a legally binding document and will vary based on your specific circumstances, so you should seek the advice of a qualified attorney or tax-advisor.

Proper planning can help ensure you or your family receive the value of the business you worked so hard to build. Life insurance is commonly used with buy-sell agreements, which can offer access to death benefits and tax advantages. Talk to an agent today to learn more about your options.

Wondering how much your business is worth? Try this business valuation calculator: www.finance.cch.com/sohoApplets/BusinessValuation.html