12 September By Christina Weed | mendasweed

Buy-Sell Agreements in a Family-Owned Business

Protect yourself when entering into a buy-sell agreement. Consult an attorney for help.
  A large number of North American business enterprises are family-owned or controlled by family. Income produced by these family-run businesses generates more than 50% of the Gross National Product, according to Forbes. With many family-owned businesses extending to the fourth generation and beyond, it’s imperative that these entities have buy-sell agreements that are written by tax lawyers experienced with this process. What is a Buy-Sell Agreement? A buy-sell agreement between two or more family…
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