Before going into business with a partner, make sure a lawyer drafts up a buy-sell agreement that covers what will happen in the event of death, disability, \u201cdisillusionment\u201d and the transfer of the interest in the business at retirement.<\/p>\n
Just because you go into partnership with another person, with all of the best intentions in the world, doesn’t mean that at some point in time you may not have a falling out over \u2013 well, over any one of a number of things that happen when trying to run a company and stay friends and partners. No matter whether the form is a partnership, limited liability company or corporation, making sure the principals have properly prepared buy-sell arrangements is critical.<\/p>\n
Think that will never happen? Think again. It’s a far too common occurrence and many people have made the mistake of not dealing with this eventuality in a buy-sell agreement, and have lived (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Before going into business with a partner, make sure a lawyer drafts up a buy-sell agreement that covers what will happen in the event of death, disability, \u201cdisillusionment\u201d and the transfer of the interest in the business at retirement. Just…<\/span><\/p>\n