Buy Sell

What would you do if your partner(s) became disabled and could no longer work?

Without a buy sell agreement in place, your business may be severely compromised. The disabled partner may attempt to conduct business home or the hospital, but it is likely that lack of income could easily result. Growth would be jeopardized, productivity would be down, and expenses would escalate. If the disabled partner is to continue to recive income for the firm, you would need to decide how much and how long. You might be willing to do all the work for a fraction of the profits for one year - but would you balk at two, three, or four?

No agreement means disagreement.

Call your lawyer as soon as possible - delaying the arrangement could cost your dearly. Then, call us to arrange the insurance funding for the agreement.

For MORE information on buy/sell agreement, check our blog articles (Link to the buy/sell agreements and the Partnerships and Disability blog article)