When forming a company, thorough planning concerning business succession and exit strategies is as important as choosing the right form of business entity. Buchanan & Stouffer has assisted Colorado business owners with successfully transitioning their companies since 1979. Our attorneys help business owners understand their legal options regarding the future of their companies.
While there are many options available when preparing a business for future transition, buy-sell agreements are an effective tool that can protect the enterprise and facilitate business succession. A buy-sell agreement is often incorporated into a business succession plan and is used to sell the interests of an owner prematurely departing the company to the remaining owners at a predetermined price (or using a formula to reach a price).
A buy-sell agreement protects the value of a business and allows for the orderly liquidation of a departing owner’s interest with minimal disruption to the operation of the company. Learn more about buy-sell agreements.
Our experienced Denver attorneys will work closely with you to understand your business and help you determine how you can protect it by integrating a buy-sell agreement into your business plan. By advising you of the tax benefits and disadvantages of a buy-sell agreement, as well as the financial and legal implications such an agreement may have on your business, we can help you can make an informed decision regarding your company’s future, as well as yours and your family’s.