Most companies with more than one owner should have a buy-sell agreement in place. Here are some of the key considerations involved in developing this legal document. Buy-sell agreement benefits A well-designed buy-sell agreement provides many benefits, including: Keeping ownership of the business within the family or another select group, for example, people actively involved
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Seven Steps to Choosing a Successor for Your Family Business
Take extra care when choosing a successor to give your family business a fighting chance. Here are seven steps to consider.