Tag: #continuityplanning

In businesses with multiple owners, the departure of one owner can create tension and uncertainty, particularly if the remaining owners are unprepared. A well-drafted Buy-Sell Agreement is essential in these situations to govern the transition and ensure fairness to all parties. Here are a few key considerations: Buy-Sell Agreement: This agreement should clearly define the terms… Continue reading Continuity Planning for Departure of One Owner in a Multi-Owner Business

Ownership changes are critical moments in the life of any business. Whether due to the untimely death of an owner, the departure of an owner-operator, or the exit of a co-owner in a multi-owner business. These types of transitions present unique challenges that require thoughtful planning. Effective continuity planning can help ensure that a business… Continue reading Continuity Planning for Businesses