If you know someone who is one of several owners in a business, you should ask them to visit our site to learn about buy-sell agreements and why they are so valuable for their business right now and over time. As mentioned, a BSA will set the terms and procedures to remove a partner, add a new partner, or allow a partner to sell out.
If your friend is not familiar with a buy-sell agreement, they should visit our page and learn how important this document is for many situations including: If one of the partners dies, your buy-sell agreement should buy out the widow/widower vs having them demand the right to become a partner in the MOC. You cannot prevent an owner from selling their ownership interest to an unknown third-party without a BSA. Without a BSA written agreement, you will not know how to remove an owner who has broken the law and could harm your business. This arrest or legal action will be quickly picked up on all news channels both online and offline, leaving destruction in its path! Without a BSA, you will not have a procedure to buy out the interest of another partner in a divorce settlement before their interest is awarded by the court to their ex-spouse. Without the right procedure, this ex-spouse could become a partner in your company. Without a BSA written agreement, you cannot buy out a partner who has become disabled and not able to perform their duties within the company. Without a written agreement, you cannot buy out his or her interest in order to support themselves. You must have a written agreement to allow for a smooth transaction of a parent's ownership interest on to an adult child. There are many other situations that a BSA (buy-sell agreement) will deal with. These are just a few among so many other issues that can attempt to harm your business and the owners. Every day you put off forming a buy-sell agreement, is another day you are putting your business in harm's way! They can also click here now and hire us for only $1000.00 Yoel Molina,esq. ‘Our only goal is your success’
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AuthorYoel “Mo” Molina, I am a lifelong resident of Miami, Fl. I am a graduate of Miami Senior High, Class of 1992, Georgia Institute of Technology, B.S. 1997 and University of Maine School of Law, J.D. 2001. I have been practicing law in Miami Since 2001. I am a former training prosecutor in the Miami-Dade State Attorney’s Office. I have experience in jury trials, appeals, and administrative hearings. I have appeared before judges across the State. My experience ranges from civil litigation matters, collection matters, foreclosure, business and corporate, contracts, real estate, leases and employment matters.. Archives
April 2022
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