Connecticut Business Lawyer Explains Buy-Sell Arrangements
Sometimes I get asked as a Connecticut Business Lawyer about a Buy-Sell arrangement amongst business partners. A Buy-Sell Agreement addresses the not uncommon issues that arises when multiple partners own a business together. It addresses the risk that a partner dies suddenly or becomes permanently incapacitated. When combined with the purchase of life insurance on each partner by a partnership or trust, the arrangement allows the surviving partners to force a “buy out” from the estate of the deceased partner’s interest in the venture.
If you ever need any assistance with a Buy-Sell Agreement, please contact our experienced Connecticut Business Lawyer.