Your Buy-Sell Agreement: A Ticking Time Bomb? - 04/23/2013

Over 60% of privately owned businesses will change hands over the next 10 years . . . is yours one of them?

Over 60% of privately owned businesses will change hands over the next 10 years . . . is yours one of them? Perhaps you know someone for whom this is a reality? Think for a moment - isn’t it every small business owner’s ideal to grow the business until they are ready to reap the rewards of their hard work?

Ask around and you are bound to hear some unfortunate stories about families or business partners torn apart by differences in how to efficiently exit or transition their business to the next generation of owners. Handled properly it should be a very rewarding and liberating experience! Handled poorly it can be devastating both financially and emotionally.

There are a number of ways that current owners can exit their business, many of them on proper terms. However, it is never too early to think about an exit plan - customized for you it can be flexible and change as you change and the business evolves over time. This workshop will focus on one fundamental tool to help address and manage these critical real-world issues.

Certain events, whether expected or unexpected, may trigger a change in ownership sooner than anticipated, it’s necessary to have a clear, easy to understand, operating buy-sell agreement to protect you and your business when such events occur.

This Workshop Will Cover the Following:

•    Buy-sell agreement key terms
•    Valuation clauses included in buy-sell agreements
•    Basic business valuation principles
•    Examples of typical situations