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WHY ENTER INTO A BUY-SELL AGREEMENT?
• Create a market for the owner’s business interest. • Provide for mutually agreeable price and terms. • Facilitate smooth transition of management and control of the business interest. • Assure owner that future of surviving family members is not dependent upon the business. • Provide liquidity to pay estate taxes and settlement costs. • Often can help establish the value of the business interest for estate tax purposes. • Reduce potential for discord and litigation.
Read more in the pdf below:
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