Buy-Sell Agreement
A contract between business co-owners that governs what happens when an owner wants to leave, dies, becomes disabled, or gets divorced. Specifies how ownership interests are valued, who can buy them, and the terms of purchase. The single most important document for any multi-owner business, and the one most often missing or outdated.
Where This Matters
When co-owners disagree — from buyout negotiation to mediation to dissolution. Practical guidance for resolving business conflicts without destroying the company.
Choosing and setting up the right business structure — LLC, S-Corp, C-Corp, partnership — with California-specific tax implications and long-term planning.
Passing a business to the next generation — family dynamics, valuation for transfer, gift/estate tax strategy, and management transition.
Protecting your business in a California divorce — community property rules, business valuation, settlement strategies, and what to expect.
Related Terms
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