A buy-sell agreement is one’s “exit strategy” in a business, usually for when there is a premature death or incapacity of the owner.
Typically, these agreements are used to provide continuity of control of the business—either by the current owners or by passing one’s interest to family. Shareholders, partners, and LLC members use buy-sell agreements for a variety of purposes, a few of which are the following:
Business owners come to Lewis-Traut & Ruswick, APC to craft their buy-sell agreements because the firm has developed a reputation of having the legal acumen of a large firm, but the personal accessibility and commitment of a smaller firm. If you are interested in our firm assisting you with the formation of a business, please contact us.