B.O.S.S. Chapter 2: Buy /Sell Agreements

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Josh & Jay welcome Will Steih, Managing Director of Prime Capital Investment Advisor’s Tennessee office, to the studio for Chapter 2 of 5 in our B.O.S.S. Series, a discussion about Buy / Sell Agreements. What does a properly structured buy / sell agreement look like? Why is an unfunded buy/sell agreement considered just a “promise”? What are the “triggers” in a buy/sell contract?

Key Takeaways

> A Buy/Sell should be a properly structured protection plan for the involved parties.

> An unfunded Buy/Sell agreement is just a promise.

> A Buy/Sell can be triggered through death, disability, retirement, and unforeseen circumstances

> Having an “arms-length” team of professionals & advisors working together and advising on your buy/sell agreement can be important, especially when dealing with a family business.

 

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Prime Capital Investment Advisors

Qualified Plan Advisors

Will Steih

If any of these topics apply to your situation, we can help! Reach out to us at 251-327-2124, or email [email protected]

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