When life bring a series of unfortunate events, a business partnership could suffer financially unless it has been protected ahead of time. A buy-sell agreement is a crucial contract between co-owners of a business. It dictates the future of the business if under the circumstances that either one of the co-owners suffers death, goes bankrupt, gets divorced or becomes disabled. It reduces the conflict when the buyout period of your business arises.
It is recommended to plan ahead and contact a professional to avoid future risk. Our Bloomington business attorneys from BK Law will draft an agreement that will clearly define when the agreement will come into play and make the process of selling the business to outside parties or partners less stressful.
Without a Buy-Sell Agreement, your business could suffer exponential loss. We are qualified to draft your buy-sell agreements to ensure the interest of your business is protected.