Buy-Sell Agreements

If you own a business jointly with others, we recommend you establish an owner buy/sell agreement which governs what happens in situations, such as disability or death of an owner or an owner wants to dispose of their ownership interest. 

Want to know where your ownership interest will go? Put it in writing.

A buy-sell agreement serves to solve a number of problems in advance of any potentially contentious times in the business. Essentially, the corporation, business partners or shareholders can agree to the terms and conditions of a future mandatory or optional sale upon the occurrence of a triggering event. This can smooth the transfer of ownership interest in the case of retirement, death, disability, divorce, termination of employment, loss of a professional license, transfer of ownership, bankruptcy, insolvency or receipt of a third-party offer to purchase the business. Working with an experienced CPA will help you ensure all the financial details of the agreement are correctly prepared.

Smith Schafer works with Minnesota businesses, in multiple industries, to prepare and implement buy-sell agreements. Whether you’re hoping to establish a fair purchase price for ownership interest, resolve estate liquidity issues, reduce disputes or simply gain peace of mind by securing the future sale of your business interest, we can advise you on the best approach for your circumstances.

Buy-Sell Services:

Business Valuations

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Pricing Approach Recommendation

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Buy-Sell Agreement Type Selection

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Collaboration with Attorneys, Insurance Agents & Others

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Payment Terms Negotiation

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Financing Consultation

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Interpretation of Existing Buy-Sell Agreement Terms

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Resolution of Interest Value Disputes

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Non-Compete Agreements

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Owner Interest Transfer Facilitation

LET’S START THE CONVERSATION. 
CONTACT US TODAY TO SCHEDULE A CONSULTATION WITH ONE OF OUR EXPERTS. 

Buy-Sell Agreement Resources

Buying or Selling a Business: Book Value vs. Fair Market Value

Buying or Selling a Business: Book Value vs. Fair Market Value

Reading Time: 4 minutes The value of a business is a question on many business owner’s minds. Whether the owner is considering retirement, estate planning, succession planning, reviewing buy/sell agreements or possibly selling, it is important to know what a business may be worth.

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6 Cash Flow Tips for Manufacturing Companies

6 Cash Flow Tips for Manufacturing Companies

Reading Time: 4 minutes During these uncertain times, many manufacturing companies face many challenges. Making cash flow a priority is something every manufacturing company owner needs to keep in the forefront of their mind.

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Manufacturing Companies: Fight Back Against Internal Fraud

Manufacturing Companies: Fight Back Against Internal Fraud

Reading Time: 2 minutes Internal fraud drains more than $3.7 trillion dollars annually from global businesses, according to the Association of Certified Fraud Examiners (ACFE). According to ACFE’s latest Report to the Nations, the median internal fraud loss in manufacturing and production companies is $194,000.

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Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years."

The relationship we have built over the years with the staff at Smith Schafer is one that can never be replaced. They are quick with helping us figure anything out, always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!"

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