The Importance of Entering into a Buy-Sell Agreement

GREATER LOS ANGELES CHAPTER EVENT

The Importance of Entering into a Buy-Sell Agreement


Written terms for the orderly transition of business ownership interests are needed to address such events as (but not limited to) an owner’s retirement, incapacity or death. The terms of the agreement are between or among the shareholders, members or other types of equity owners of a corporation, LLC or other entity. The terms of the agreement can specify conditions under which and to whom and at what price an owner, partner, shareholder, etc. can or must sell his or her interest in a business.

This presentation will cover the scope of reasons for needing a buy-sell agreement, how it assists with owners’ estate planning and how obligations to buy out another owner are funded. Two case studies will be used to provide examples of considerations that need to be applied to how a buy-sell agreement is structured, how it is funded and how the agreement is executed.

LEARNING OBJECTIVES:

  • Gain an overall understanding of when and why a business needs a buy-sell agreement.
  • Learn key issues that are addressed in a buy-sell agreement and the triggering events it defines.
  • Learn about techniques for cost-effectively providing funding to buy out a fellow owner.
  • Understand the consequences for a business and for the owners when no buy-sell agreement is in place.

Heath Goldman will moderate the panel discussion.

 

 

 

Thank you to our sponsoring firm:

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EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPILosAngeles.org.

Peter Fischer

Peter Fischer

M&A Attorney at Sklar Kirsh

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Kathleen Adams

Kathleen Adams

CFP, CFBS at Mass Mutual Financial Group

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Continuing Education


CEPAs receive 1 CE credit

CFPs receive a certificate for 0 CE credit

CPAs receive a certificate for 0 CPE credit

*Proper documentation must be collected and submitted to qualify for continuing education.

cpe-logo-png-full-colorThe Exit Planning Institute (EPI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website at: www.learningmarketing.org.