Buy Sell Agreement
Why Are Buy Sell Agreements Important For
If you co-own a business with someone, then Buy-Sell Agreements are crucial to have.
Buy-Sell Agreements provide the necessary funds for the remaining partner(s) to purchase the deceased co-owner’s shares of the business. This type of policy is beneficial for all parties involves. The business is protected from a serious financial loss and the family of the deceased receives a death benefit.