How to Use a Buy-Out Agreement to Protect Your Business From the Death, Disability, Retirement, or Voluntary Exit of a Business Partner

by Jennifer A. Grady, Esq. Failing to create a formal transition plan in the event of the death, disability, retirement, or divorce of the business owner, or the transfer or sale of the business, is a drastic mistake that is frequently made by the owners of closely-held corporations.  This lack of planning can be fatal to …