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Buy-sell Agreements

Plan for the future – no matter what it holds.

Whether you decide to sell up, retire or get out of business for health or other reasons, it’s inevitable that one day you will leave your business. But what happens if you or another shareholder die or leave unexpectedly?


Statistics show that failure to consider the departure of a business partner can significantly increase the risk of business failure and personal financial debt. Without the right legal agreements and insurance policies in place, the death or permanent disability of a shareholder can mean having to sell shares, liquidating the business or accepting a new shareholder. This is where buy-sell agreements can help.


A buy-sell agreement is a legally binding agreement between shareholders that governs the situation if a shareholder dies or is otherwise forced to leave the business, or chooses to leave the business. Should a specific event occur, a buy-sell agreement can allow for the buy out of one shareholder’s interest by the other shareholder(s). Specific events that may trigger a buy-sell agreement include death, trauma, long-term disability, retirement or bankruptcy. In short, if you own all or part of a business – any business – a buy-sell agreement is essential.


When considering buy-sell agreements, it is prudent to get the advice of a specialist to guide you through the process. Whatever you spend on a buy-sell, it will be a drop in the bucket compared to what it can save you. For assistance, advice or further information, get in touch with IAS today.


Note: Buy-sell Agreements are also known as a Business Will or Business Protection Plan.


To find out more call (02) 8268 2900 and speak to one of our Advisors, obligation free.

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