A buy-sell agreement is a key component of business succession planning, particularly for small businesses with two or more family groups in the ownership structure. This issue is applicable for both ...

Running a business is a complex endeavor that requires careful planning and foresight. One of the most critical yet often overlooked aspects of business planning is succession planning. One way to ...

Running a business is a complex endeavor that requires careful planning and foresight. Financial planner Brad Wright explains: A buy-sell agreement is a legally binding contract that outlines how ...

Have you considered what needs to be done with your business when you are doing your estate planning? If you own a business, it is important to have a management succession plan and also have a ...

In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

There are two significant reasons for a client to have an updated and funded buy-sell agreement. One is to allow the surviving partner to maintain sole control of the business if one of the owners or ...

How to protect a business in the event that one of its partners becomes disabled or dies. I run a business with two partners. Things are fine now, but what if one of us dies? A friend passed away last ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. When it comes to succession planning, Logan Roy isn’t the only patriarch without a plan to ...