A buy-sell agreement outlines the transfer of business
interests, specifying the recipients and the circumstances
under which the transfers will occur.
There are two primary types of buy-sell agreements: cross-purchase agreements and entity purchase agreements. In a cross-purchase buysell agreement, each business owner commits to purchasing the business interests of a fellow owner in the event of their death, disability, retirement, or departure from the business.
In this ultimate guide, we go into depth about such agreements helping you make informed decisions for your business.