Shareholder/Partnership Agreements: Creating a Buy-Sell Agreement
Category: Business Law and Planning
From Bplans Blog, and excellent essay on the value of a Buy-Sell Agreement, and the issues you need to think about in creating one.
"Think of a partnership agreement as a "prenuptial" agreement between you and your business partners. You don't expect to have the partnership break up, but you just never know what could happen down the road. "
The article focuses on a discussion of what valuation means in relationship of a Buy-Sell agreement, including different valuation approaches, and the need to revisit the approach taken as the business grows.