Anyone who owns a business puts a whole lot of time, work, and money into building something important. This is no less the case when a business has multiple owners. But what happens when one owner wants to move on or is forced to move on by external circumstances? An effective buy/sell agreement can help ensure that all parties are treated fairly and the business is able to continue following the departure of a co-owner.
St. Louis Buy/Sell Agreement Lawyer
Knowledgeable Business Lawyer Creating Buy/Sell Agreements for St. Louis Business Owners
Develop Buy/Sell Agreements Early
Like most business contracts, the right time to create a buy/sell agreement is as soon as possible. Once a business’ co-owner has already decided that they want to leave, it can be difficult and contentious to come to terms for the remaining owners to buy them out of the business. By putting together a buy/sell agreement from the start, owners can agree to terms that are equitable for everyone.
Legal Guidance for St. Louis Businesses
Roger Wallach of Wallach & Associates, P.C., has been serving St. Louis businesses for over 25 years with professionalism and personal attention. We will work with you and your business partners to understand your business’ unique needs and develop an agreement that works for everyone. Our comprehensive business law services will ensure that your business has a stable legal foundation as it grows.
Buy/Sell Agreements FAQ's
What is a buy/sell agreement, and why is it important for St. Louis businesses?
A buy/sell agreement outlines the process for transferring ownership interests, ensuring business continuity and protecting stakeholders in events like retirement or unforeseen circumstances.
How can Wallach and Associates assist with drafting buy/sell agreements in Missouri?
We draft customized buy/sell agreements tailored to your business’s unique needs, ensuring clarity and compliance with Missouri laws.
What key provisions should be included in a buy/sell agreement?
Essential provisions include valuation methods, triggering events, funding mechanisms, and transfer restrictions. Our attorneys ensure all critical aspects are addressed.
When should a St. Louis business establish a buy/sell agreement?
It’s advisable to establish a buy/sell agreement at the inception of the business or as soon as multiple owners are involved to prevent future disputes.
Can existing businesses in Missouri implement buy/sell agreements?
Yes, existing businesses can and should implement buy.
