In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think.
So, how to incorporate this information into a written agreement, especially when someone passes away?
John and Michael Parise from Copper Beech Financial Group are here to answer this and more!
This week, John and Michael unpack the importance of a buy-sell agreement. They detail what happens when a partner passes away along with tax implications for the surviving partner with a buy-sell agreement.
John and Michael discuss:
- The three types of buy-sell agreements and how they work
- Tax considerations for the surviving partners in buy-sell agreement
- The value of businesses revisiting their buy-sell agreement
- Why have a valuation metric