Partnership or Buy/Sell Agreement Insurance
The long-term disablement, or death or a company owner can result in many problems and challenges for business. A loss of clients, loss of revenue, and internal disputes are just the tip of the ice burg. Having a buy/sell agreement in place can prevent a lot of these problems from occurring, saving any severe damage to your business.
What are the benefits of a buy/sell agreement?
A buy/sell agreement ensures smooth transition in the event of death or disability in that the affected partner is given fair value for their share of the business, allowing the other partners to continue the business without major impact.