Illness, death, divorce and accidents generally happen at the worst possible time. If you can create a buy-sell agreement in the saner times, you can protect your interests and safeguard the life of your business.
Banking & Finance
Don’t think you need an estate plan? Think again
Many closely held businesses do not have a current succession plan in writing. Those that are written often are not funded, meaning the stipulated successor hasn’t planned to inherit the business and therefore does not have the funding to assume ownership.
How to attract investors: make a bigger pie
Investors invest to make money. They don’t invest because they like the management team or because they think the technology is cool. In the end, it’s all in the numbers.
A partial exit might be best for some owners
Some owners see partial exits as a great way to diversify their financial holdings, since many privately held business owners have most of their wealth tied up in the business.