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A Practical Guide To Buy-Sell AgreementsA Practical Guide To Buy-Sell Agreements
Buy-sell agreements often play a crucial role in the succession of family businesses. It's therefore essential to structure and fund them properly and to understand how they can help fix estate tax values. The stakes are high for the business-owning family. When the controlling shareholder of a family business dies, is disabled or retired, it's often a time of great upheaval and uncertainty. Such
David T. Leibell & Daniel L. Daniels
Buy-sell agreements often play a crucial role in the succession of family businesses. It's therefore essential to structure and fund them properly — and to understand how they can help fix estate tax values.
The stakes are high for the business-owning family. When the controlling shareholder of a family business dies, is disabled or retired, it's often a time of great upheaval and uncertainty. Such transitions, if not adequately planned, can lead to the business's being unnecessarily liquidated or sold to an unrelated third party. The very fabric of the family can be destroyed, as a family's self-image is many times inextricably tied to its business.
For the practitioner, the challenge is great. Business...
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