One of the reasons why it is wise to connect with an estate planning attorney is because solutions exist to address situations. A lot of people think that they have to somehow twist their objectives around some limited device like a simple will, but this is not the case. With this in mind, let’s take a look at estate and succession planning for small business partners. Buy-Sell Agreements The best way to explain this approach is to use a hypothetical scenario. As we go through it, we will … [Read more...] about Buy-Sell Agreements for Small Business Succession
small business succession
Consider This Succession Strategy for Business Partners
Small business owners face certain estate planning challenges, and this can be particularly true when there is a partnership. What would take place if one business partner was to pass away? There is a business succession solution that is often utilized when this type of scenario exists. Let’s look at the details. Buy-Sell Agreements Let’s explain by way of example. Suppose you are one of three small business partners. Your business is thriving, and the share that is owned by each respective … [Read more...] about Consider This Succession Strategy for Business Partners
