08/17/2026
Two people start a business together and assume they will always see eye to eye on its future. Then one wants to retire, one wants to sell, or one passes away unexpectedly.
A buy-sell agreement establishes rules about who can buy an owner's interest, how that interest will be valued, and how the purchase will be funded. Without an agreement, a departing owner's shares can end up in the hands of an estranged family member, a competitor, or nobody at all, while the remaining owner is left negotiating under pressure.
The strongest agreements are put in place as the business is first being established and while all owners are getting along, not after a dispute has arisen.
For guidance on structuring a buy-sell agreement for your business, contact Managing Partner Mark Tebelius at [email protected].