How much is your share in your business worth? You have spent a life time of effort getting to this point. What happens if you or your business partner can no longer continue in the business. A Buy/Sell Agreement will detail what happens to your share of the business but where will the money come from to buy out your share of the business? Does the business have ready access to cash to pay you out? Do the other business owners have cash assets they can call upon?
If not, where will the money come from?
We are usually able to obtain the cash to buy your share in the busines should you no longer be able to work in it due to serious illness, a major accident that leads to permanent disability or in the event of your death.