What Is A Buy Sell Agreement < RECOMMENDED — PICK >

: Remaining owners personally buy the departing owner's shares. This is ideal for businesses with 2–3 partners as it offers a "step-up" in tax basis.

: Offers flexibility by allowing the business the first option to buy, followed by the remaining owners. what is a buy sell agreement

A is a legally binding contract between business co-owners that dictates what happens to an owner’s shares if they leave the company . It is often described as a " business will " because it ensures ownership remains in trusted hands and provides liquidity for the departing owner or their heirs. ⚡ Core Components : Remaining owners personally buy the departing owner's