Written by Matt on August 21, 2010 – 1:48 pm
The Concept…
- A buy-sell agreement obligates one party to purchase a deceased business owner’s interest at a certain price, and another party , typically the deceased owner’s estate or heirs – to sell the interest at that price.
- The agreement gives business owners assurance about who will purchase a deceased owner’s interest, what the price will be, when the sale will take place, and where the funds will come from.
This sample proposal helps you explain the cross-purchase buy-sell concept to clients. We can prepare customized proposals like this for your cases – just call (800) 936 – 0339 option 1 today.
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