Austin Buy-Sell Agreement Attorney

Do you need help preparing a buy-sell agreement?

Buy-sell agreements provide agreed upon arrangements that will go into effect in the event of the owner's death, the occurrence of strife, divorce, a co-owner experiencing disability, or insolvency. A buy-sell agreement exerts control over at what time the owner is allowed to sell his interest in the company, who can be a possible buyer for that interest, and what the sell price will be.

Though buy-sell agreements can often be overlooked by new business owners, it is important to establish one as soon as is possible so that you will be prepared in the event of an occurrence that may affect the ownership of your business. There are a number of factors that motivate business owners to prepare buy-sell agreements. Some might want to furnish liquidity for their estates in the untimely event of their death. Others want to ensure that unqualified or unscrupulous individuals aren't allowed to become co-owners in their businesses. For these reasons, it is important to seek help from a seasoned Austin business law attorney, D. Scott Heselmeyer, PC, who has the business acumen and legal expertise to create an agreement that will protect both your business and your interest in it.

It is in Your Best Interest to Have a Buy-Sell Agreement

A buy-sell agreement needs to be properly drafted to include provisions that will help ascertain the fair value of the former co-owner's interest in the business. To ensure this happens, it is important to find a competent business lawyer. An attorney with a history of drafting successfully executed buy-sell agreements will provide peace of mind for the co-owner and assist in negotiating favorable terms with the other parties now entering into the agreement.

A good attorney will pay careful attention to the complicated issues involved in the buy-sell agreement, such as the needs of the business and its owners for liquidity, tax objectives, consequences of income tax, the issues of estate planning, ownership interest marketability, the consideration of fair value, sale positioning in the future, and orderly disposition. A responsible business law attorney can help you draft a buy-sell agreement that will ensure a prosperous future for your business.

Contact a Buy-Sell Agreement Lawyer today to help you draft a buy-sell agreement that will protect the longevity of your business.