Sherrett Insurance Agency Ltd.

Estate Planning, Corporate Benefits, Investments, Insurance, Retirement Planning

Buy-Sell Agreements

A buy-sell agreement, sometimes called a business buyout agreement, is an agreement between you and your partners or co-owners covering:

  • When and under what conditions a partner or co-owner can sell his or her interest in the business.
  • Who will be allowed to buy into the business.
  • Circumstances that would require a co-owner to sell.
  • What the price for that interest will be and how it will be determined.

A buy-sell agreement is a vital part of any small business that has more than one owner – including family businesses.

We can answer your questions, give advice on the type of agreement you need and calculate the value of your business.

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