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.
- 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.
Meet the Presenters
Thank you to our Sponsor:
This meeting will be held at the Jewish Community Foundation.
Address: 6505 Wilshire Blvd., Los Angeles, CA 90048