A Torian Insurance buy-sell agreement is the perfect solution for protecting your business and ensuring that it can continue operating smoothly if something happens to you or one of the other owners. Our agreements are tailored specifically for businesses like yours and can be customized to fit your needs.
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A buy-sell agreement is an arrangement between two or more business partners that governs how ownership and control of the company will be transferred in the event of one partner’s death, disability, retirement, or other departure from the business.
This agreement typically specifies a buy-out price for existing ownership shares, and may also include provisions for funding buy-out payments. Additionally, buy-sell agreements may contain buyout provisions that allow one partner to buy out the others in certain circumstances, such as if they are looking to retire or leave the business.
Overall, a buy-sell agreement is an important tool that helps businesses to maintain stability and continuity in the event of sudden change.
When it comes to running a successful business, there are many factors that are important to consider. Perhaps one of the most important is the buy-sell agreement or buyout agreement. This agreement outlines the terms for how the business would be sold or transferred in the event of certain situations, such as incapacity or death.
By having a buyout agreement in place, you can ensure that your business remains stable and protected no matter what happens. This means that your company will always have a clear path forward and that both you and your partners will be able to rest assured knowing that your interests are fully protected.
So if you want to give your business the best chance possible at long-term success, it is essential to invest in a buy-sell agreement today.
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.