Key Elements of Successful Buy-Sell Agreements (IE3)
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A buy-sell agreement is a contract that outlines terms for the future sale of your business interest, whether the result of death, disability, or one of the owners opting to exit from the company. Buy-sell agreements are also sometimes called business continuation agreements and buyout agreements. Ideally, buy-sell agreements are fully funded in the event of death, and life insurance is frequently used for this purpose. The best time to do a buy-sell agreement is before you start your business and/or when you are the best of friends with your partners. In this podcast Gower Idrees, CEO of RareBrain, goes over key elements of a successful buy-sell agreement.
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