Los Angeles Lawyers Handling Buy-Sell Agreements
One of the areas where estate planning and business planning overlap is in the creation of buy-sell agreements. These agreements may address a chief concern of business owners: what happens to the business if one of the owners can no longer continue or wants to move on? Having a proper buy-sell agreement can protect against potential real estate litigation.
Complex Matters in a Buy-Sell Agreement
Buy-sell agreements discuss what will happen to the business after a “triggering event.” They often provide that the deceased or disabled owner’s interest be sold to the company or to the other partner, and they may discuss the price or a formula. These agreements may also provide a funding source, such as a life insurance trust, and establish valuation of them for estate taxpurposes.
These matters can be very complex and it is best to discuss them with an experienced attorney, like the attorneys at our Los Angeles law firm. The lawyers at the Law Office of Hugh Duff Robertson P.C. take the time to talk with clients about their options. They focus on explaining things like the terms of a buy-sell agreement in plain English so that your rights and options are always clear.
Contact the Law Office of Hugh Duff Robertson P.C.
To schedule a consultation about a buy-sell agreement with the lawyers at the Law Office of Hugh Duff Robertson P.C., call us at 310-824-0467 or complete our online form.