Read our article in Construction Executive on Could Your Business Survive Without You

When an owner dies, the disposition of his or her interest depends upon several key factors:

• Does the deceased owner want his/her interest sold or retained by the heirs?
• Will death costs "force" the sale of the business?
• Can the remaining owners afford to buy the deceased owners interest?
• Can the surviving owners operate without each other

In order to guarantee a buyer for the interest in a business (particularly a minority interest which may be of very little value to one's heirs), consideration should be given to a lifetime agreement among the business owners as to how to dispose of the business.

PSA In The Media

A Buy-Sell Agreement Benefits All Parties

Click here for a Shareholders Agreement Questionnaire

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