If you are an owner of a business, what would happen if you or a co-owner were to die suddenly?Large problems can result from the death, incapacity, resignation, etc., of one of the owners. How would the decedent's heirs liquidate the business interest to pay expenses and taxes? What would happen if an heir or an unknown outside buyer of the decedent's share decides to interfere with the business? Could the business or other owners afford to buy back the decedent's ownership interest?

A solution for many businesses is a properly drafted buy-sell agreement. A buy-sell agreement can:

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access