A buy/sell agreement is a critical component of a business partnership. In the event that one of the shareholders dies, resigns from the business, gets a divorce, becomes disabled or is forced out of the business, the buy/sell agreement ensures a smooth transition and protects the future of the business.
At Karen Brady & Associates, P.C., we help business owners create comprehensive buy/sell agreements that protect their interests. As a business owner herself, you will benefit from Karen L. Brady's deep knowledge of the law and business planning and succession.
For more than 20 years, our firm has served clients in the Greater Denver, JeffCo and Front Range areas with their ongoing business needs. To schedule a free consultation, contact us online or call us at 888-806-7304.
Planning for Success
A buy/sell agreement states how a shareholder's stake in your business will be handled should he or she have a triggering event such as death, retirement, resignation, divorce or a disability. It also should specify a plan for valuation of the business. Your shareholder agreement can be structured in a variety of ways, which include:
- A cross-purchase agreement: The business owners agree to purchase the deceased's or withdrawing shareholder's share of the business
- An equity redemption agreement: The business is obligated to repurchase the equity of the shareholder with the triggering event
- A wait-and-see agreement: This is the most flexible of the agreements. The shareholders wait until a triggering event and determine at that time how to act
Our Denver shareholder agreement attorney will meet with you to understand your business objectives and concerns. With these considerations in mind, we will create a buy/sell agreement that is tailored to your unique situation. We are committed to helping you create an agreement that minimizes or eliminates the need for costly and time-consuming litigation.
Contact Our Colorado Buy/Sell Agreements Attorney
Whether you have just started your business or you have been in partnership for several years, we can help you protect your business with a buy/sell agreement. Contact our firm online or call us toll free at 888-806-7304 or locally at 303-835-1811 to schedule a free consultation with our lawyer.