Plan for the future of your business.
You have worked hard to make your business successful, and you would hate to see all your hard work go to waste after you retire, move on, or can no longer participate in your business’ operations. Buy-sell agreements establish a clear plan for when any one of these events occurs. Without one of these agreements, you could face major tax obstacles later on, in addition to other legal and financial difficulties.
Buy-sell agreements define a clear transition for ownership of a business when a partner either chooses to leave or something else happens. Most partnerships, closed corporations, and sole proprietorships can benefit from creating one of these agreements. In most cases, buy-sell agreements stipulate that the remaining shares of the business can be sold to other members within the business or the company.
We help business owners draft and establish buy-sell agreements at Piervincenti & Tarantino Law, PLLC. If you are a small business owner in the Cornelius, North Carolina area, we want to protect your interests, and creating a buy-sell agreement can help with that. It is never too early to create a buy-sell agreement – even if your small business is just getting off the ground, putting a buy-sell agreement in place early on can remove hassle and secure your peace of mind.
Our goal as your small business lawyer is to support your business’ success in whatever way we can. Contact us today to learn more about buy-sell agreements and to set up a consultation with our law firm.