Setting the purchase price. How will it be set? Book value?  Real value?  How will you calculate either or both?  Especially since prices rise, fall and shift around all the time.  The value of a buggy business in 1909 was … Continue reading →

Once you have made plans to get the money needed to implement a buy/sell agreement, other issues can arise which are often fought over. Triggering events. Many different things can trigger the buy/sell agreement but, equally important, many things can … Continue reading →

To secure the money necessary to make a buy/sell agreement work, creative financing is often required. One option is a life insurance policy with a cross-purchase agreement. Each owner buys a policy on the other owners. That may not be … Continue reading →

What if two partners, let’s call them Joe and Steve, have irreconcilable differences? Particularly since Joe put up the money while Steve put in the sweat-equity. They have built a business that’s worth several million dollars, but Steve is hacked-off … Continue reading →

Let’s say your business partner is a semi-retired older gentlemen everyone around the office affectionately calls “Grandpa.” Tragically, Grandpa dies in a car accident. Even more tragically, he has a number of children and grandchildren, and his Will divides everything … Continue reading →

A buy/sell agreement only works if everybody involved has enough money. Or at the very least, there is a provision for the necessary money in the agreement. You think a basic life insurance policy will take care of that problem? … Continue reading →