Strengthening Buy-Sell Agreements from a Business & Valuation Perspective

Until yesterday my new book, Buy-Sell Agreements for Closely Held and Family Business Owners: How to Know Your Agreement Will Work Without Triggering It, has had the benefit of my personal editing and the help of a few friends.  Yesterday, we sent the manuscript to a professional editor who, hopefully, will work miracles with anything [...]

AICPA/AAML National Conference on Divorce: The Premier Conference on Financial, Legal, and Tax Issues in Divorce
May 6-7, 2010 » Bellagio » Las Vegas, Nevada
Jointly sponsored by the AICPA and the AAML (American Academy of Matrimonial Lawyers), this conference provides technical (tax, valuation, litigation, etc.) and practice management skills in the field of divorce services.
On Friday, [...]

If a buy-sell agreement is not clearly drafted, almost anything can happen.   In this North Carolina case, a father and two sons were in business.  The father died, and the two sons shared ownership of the business.  One of the brothers was getting a divorce and the parties were trying to figure out what [...]

According to today’s Money cover story in USA Today, prenuptial agreements (or “prenups”) may be unromantic, but they may well make sense.
Buy-sell agreements definitely make sense when companies have two or more owners, and virtually all substantial corporations have such agreements.
Prenups are the result of conversations between couples regarding what happens to whose assets and [...]

Buy-sell agreements are designed to accomplish one or more of the following objectives from one or more of several viewpoints: the corporation, the employee-shareholder, the non-employee shareholder, and any remaining shareholders.  The buy-sell agreement provides for what happens to the shares of owners who leave, for whatever reason, whether favorable or unfavorable.
From the corporation’s viewpoint, [...]