Buy-Sell Agreements

Fishers Corporate Law Attorneys Helping Protect Your Business Interests

Going into business with others can be an exciting endeavor. As you and your business partner are working on the logistics of getting your business started, there is one important document that needs to be drafted during this process: the buy-sell agreement. Our Fishers lawyers can assist you with preparing this crucial contract for your business. With 150 years of combined legal experience, we have handled a variety of complex corporate law matters, and we can draft an agreement based on your unique business needs.

What Is a Buy-Sell Agreement?

A buy-sell agreement, also called a buyout agreement, is a legally binding contract that states how your co-owner’s shares in the company can be transferred if they are unable to continue with the business. A good agreement will set terms for when, to whom, and for what price your former business owner’s interests can be sold. It will also include a clause that states how the value of the business will be determined and who will conduct the valuation. At Massillamany Jeter & Carson LLP, we will work closely with you through this process to develop solid agreement so you know exactly what will happen with your business if something unexpected happens to your co-owner.

When Is a Buy-Sell Agreement Triggered?

A buy-sell agreement can be triggered by a number of events, including:

• Bankruptcy
• Death
• Disability
• Divorce
• Resignation
• Retirement

Many questions can arise after a triggering event, and the answers are not always straightforward. For example, in a divorce, marital property is generally split equitably between spouses. Does that mean your co-owner’s ex-spouse will have ownership interest in the company? How is disability defined, and at what point can your co-owner’s interests be sold if they become disabled? A well-drafted buy-sell agreement will outline how to address these and other issues to help avoid adverse impacts on your business.

Retain Experienced Legal Service for Your Business

Our Fishers buy-sell agreement attorneys will thoroughly review your circumstances to help you understand the type of agreement that will be best for your business. By understanding your needs, we can help you achieve your business goals and protect your future interests.

For high-quality legal representation, call Massillamany Jeter & Carson LLP at (317) 434-1490 or contact us online.