Make Certain You Have A Buy ~ Sell Agreement
A buy-sell agreement covers what will happen if one of business partners or co ~ owner (s) becomes terminally ill, dies or wants to sell for any reason. It is important to clarify the terms and process of this sale or transition when everyone is in good health and doing well. It’s much harder to reach an amicable agreement when the situation has become dire, or ill fated.
Always seek an attorney for any legal advise and consultation.