Buy-sell agreements are legally-binding contracts among the business owners that spell out when, to whom, and at what price an owner can sell their interest in a company. Having an approved, pre-determined plan protects current owners, not to mention business operations, from adverse consequences in the wake of a trigger event. These agreements offer many benefits, including curtailing the risk of the business falling into the hands of outsiders. Having a TBC valuation expert assist in drafting your buy-sell agreement/provisions and developing a proper value ensures that the purchase price and/or formula will be a fair, unbiased financial representation of the ownership interest in question.
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