Language Check for Your Buy-Sell Agreement
A few months ago, I read a buy-sell agreement for a company. There were two owners, with one holding 60% of the stock and the other holding 40%. The agreement provided, among other things, that the death of either owner would trigger the buy-sell agreement, enabling the company to acquire the [...]
Read more »Miami Beach: NACVA/IBA 2010 Annual Consultant’s Conference
This post is written specifically for my session on LinkedIn, which I’ll be giving the afternoon of June 2, 2010 at 3:30pm EST at the Fountainbleau Resort for the 2010 NACVA/IBA Annual Consultant’s Conference. There are worse places to be. There are about 750 valuation-related consultants of many types agree and are here, as well. [...]
Read more »Buy-Sell Agreements: Does Size Matter?
While traveling from Boston to Memphis yesterday I met a gentleman who was the “vice president, strategic solutions” for a sizable business. His company had been a $60 million services firm that had just recently been acquired by another services firm that was backed by private equity. The market value combined entity was perhaps $200 [...]
Read more »I Just Want What I’m Entitled To
“I just want what I’m entitled to,” says the grieving widow. She knows the business is worth more than is indicated in the out-of-date buy-sell agreement. Can this happen to you or a loved one?
Read more »Buy-Sell Agreements: A True Story
More than a decade ago, three friends got together to start a company. They invested money and time into the start-up and got it going. Early on, they had a buy-sell agreement prepared.
Fast forward to late 2006. My friend was called in to discuss the prospects for selling the company. As part of his engagement, [...]
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