Protect Your Business With a Buy-Sell Agreement It’s Never Too Early for an Exit Strategy!
will happen to the business in the event an owner leaves the company, dies, or becomes incapacitated. As you create your Buy-Sell Agreement, you need to consider all the ways you might potentially exit the business, then outline what will happen to your ownership interests in each of those scenarios. What happens if you decide to retire and sell your stake in the company? Will you be able to sell to an outside party, or must you first give your partner the option to buy you out? What if your partner gets divorced and their former spouse becomes an owner of your business? What if you have to declare bankruptcy? You should proactively address these potential conflicts and minimize any disruption to your company’s operation or profits.
is transferred should a triggering event occur, but it also spells out the methods that will be used to assess the value of the partner’s share and provide for where the funding for the purchase will come from. This can get tricky, but our team can help you determine the optimal method for valuing your business and document the specific terms and conditions for executing the valuation in your Buy-Sell Agreement. Given all of the different variables involved and the fact that the very survival of your business is at stake, you should never rely on generic do-it-yourself documents for your buy-sell agreement. Instead, consult with an experienced attorney to ensure these essential agreements are properly created and all of the possible contingencies are accounted for. Whether you need a new Buy-Sell Agreement created or want us to review an existing agreement, our team is here to help.
If you co-own a business, it’s crucial that you come up with a clear exit strategy now, before you encounter a problem! Indeed, the more thought you put into your exit plan today, the smoother things will be when one of you finally does move on. We recommend formally documenting your exit strategy with a Buy-Sell Agreement, which outlines exactly what
An effective Buy-Sell Agreement not only details how ownership of the company
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Directions 1. In a large bowl, add the eggplant and coat with salt. Cover the eggplant with water and soak for 15 minutes. Drain and pat dry. 2. In a wok over medium heat, warm 2 tbsp of oil. Add the eggplant and fry for 4–5 minutes. Remove and set aside. 3. Add the remaining oil and green beans to the wok. Fry for 5 minutes, then remove and set aside. 4. Add garlic, ginger, and chili before stir-frying for 1 minute. Return the green beans and eggplant to the wok and add the soy sauce, vegan stir-fry sauce, and pepper. Toss to coat, then serve over rice!
Ingredients • 2 Chinese eggplants, cut into 1/4-inch strips • Salt, to taste • 3 tbsp vegetable oil, divided • 6 oz green beans, trimmed • 6 cloves garlic, minced • 1/2-inch piece of ginger, thinly sliced • 1 red chili pepper, thinly sliced • 2 tbsp soy sauce • 1 tbsp vegan stir-fry sauce (like Lee Kum Kee Vegetarian) • 1/8 tsp pepper
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