In our last report we discussed a new concept in Business Succession planning, the Wait and See Buy-Sell. To refresh your memory, the Wait and See is considered a combination or hybrid of the two basic plans already discussed, The...
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The Wait and See Buy Sell
We've discussed two Buy Sell Agreements, the Entity and the Cross Purchase. Maybe you're confused or can not decide which one you should use. Don't worry. It's often difficult to decide which type is best because there are so many different situations. So wouldn't...
The Cross Purchase Buy Sell
We've just covered the Entity Buy Sell in which the business is the main player in Business Succession. However, for whatever reason(s), you may not want the business involved in your Buy Sell planning. In this regard, the Cross Purchase Plan...
The Entity Buy Sell
The Entity Purchase Buy Sell is one form of Business Sucession agreements. Let's quickly review what a Buy Sell Plan is. A Buy Sell Plan is a legally binding agreement that spells out what happens to a business when a specific...
Types of Buy Sell Agreements
By answering the questions from the two previous articles, you are forming the foundation for your own Buy Sell agreement. You now have a choice of SIX different types of Buy Sell plans. This may seem like a daunting task. However,...