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Buy-Sell Agreement Planning
Secure Your Business’s Future—Before You Need To
A Buy-Sell Agreement is an essential legal and financial tool that protects your business if
something unexpected happens to you or a business partner—like death, disability, or retirement.
This agreement outlines exactly what happens to ownership shares, how they’ll be valued, and
who can buy them—keeping your business stable, avoiding disputes, and ensuring a smooth
transition.
To fund the agreement, many business owners use life insurance, which provides the money
needed to buy out a partner’s share without straining the business or relying on loans.
Why Business Owners Need a Buy-Sell Agreement:
- Prevents ownership conflicts or forced sales
- Protects the business from legal and financial disruption
- Ensures surviving partners keep control
- Provides liquidity to buy out heirs or partners
- Often funded with life insurance for cost-effective planning