PROTECTING A BUSINESS PARTNERSHIP
Buy-Sell agreements are intended to help protect the Business Owner’s relationships and rights during the significant events that might happen during his or her career. Most commonly, buy-sell agreements are put in place to protect the family of an owner if a partner dies, is debilitated or decides to exit or retire, while allowing the remaining owners to move the business forward.
PROPER FUNDING IS ESSENTIAL TO THE AGREEMENT’S EFFECTIVENESS
It is important to document the desired outcome, but it is also critical to manage the written document and proactively allocate funds in a strategic manner. It is very possible to leverage the funds that are allocated so that they are able to be utilized by more than one of the buy-sell triggers. The Reichert Company can guide you in the process of developing and funding a buy-sell agreement suited to the needs of your business.
If you are ready to start planning for your business exit, then give us a call and we will help guide you through the process of cashing out of your business and moving on in style and on your terms.