Succession Planning for Small Businesses: Buy Sell Agreement Explained
What is a buy sell agreement? A buy sell agreement, also known as an employment contract or shareholders' agreement, is a legal document that sets the terms of what will happen with your business if one partner leaves or dies. This often includes who gets to take over ownership of the company and how they'll be compensated.
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Ray Halstead and Andrew McMillan are managing partners at REH CPAs in Mooresville, NC. They focus on helping small business owners with their bookkeeping, accounting, taxes, and ultimately allowing them to stay out of their books and in their business.
If you want to speak with someone about your small business taxes, give REH CPAs a call at (704) 662-8249.
