Does your business need a Buy Sell Agreement? Unless it is a sole proprietorship, yes, you do need a Buy Sell Agreement. As Detroit-based business attorney Zana Tomich explains in this video, the Buy Sell Agreement is vital to protect the interests of business owners and the viability of the business itself.
Buy Sell Agreements are also known as Shareholder Agreements, Shareholder Restriction Agreements or simply provisions of an Operating Agreement. They are extremely important to businesses that wish to remain closely held after an outside offer or departure, death, disability, divorce or deadlock.
Zana leads the Business and Employment Law practice group at Dalton & Tomich, PLC. Contact her at 313.859.6000 or for more information, visit our click here.
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