To avoid the cost of unwanted, expensive litigation and/or an unwanted shareholder upon termination or death, it is prudent that a small corporation consider the use of a Buy-Sell Agreement or Stock Redemption Agreement.
These agreements provide for shares to be offered to either the company or existing shareholders. Such an agreement can sometimes be funded through insurance. These agreements insure the orderly transition upon the death or departure of a shareholder.
Please contact us for more information regarding the use of this important business tool.