Using Buy-Sell Agreements to Protect Family-Owned Businesses

Family-owned or controlled businesses make up roughly 90 percent of all American businesses. Unfortunately, only a third of family-owned businesses survive the transition from the first generation of owners to the second. A buy-sell agreement can ensure a successful transition by controlling how an interest in the business can be sold. Continue reading

Every Business Owner Needs to Know about Buy-Sell Agreements

As Robert W. Wood put it in his article in Forbes, “If you own all or part of a business—any business—you should know about buy-sell agreements.”  And, given the vast majority of all U.S. businesses are family owned or controlled, there are many business owners out there who need to know about these agreements, as do their attorneys. For those of us not yet up on them, here’s a primer on buy-sell agreements. Continue reading