Buy Sell Agreement Death

The owner of a business enters into a purchase-sale contract with a non-owner under which the owner agrees to the sale, and the non-owner agrees to purchase the business after the owner`s death (and possibly other triggering events) and at a price stipulated in the agreement. Depending on the structure of your business and other factors, the type of agreement you choose can have a significant impact on income tax. You are different depending on whether your company is a flow-through entity or a C-Corporation. We can help you design a buy-sell agreement that`s right for your business. After the death of a shareholder, the trustee would collect the proceeds of the insurance and deliver them to the estate of the deceased shareholder in exchange for the shares of the deceased shareholder. . . .

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