Buy/Sell arrangements set the ground rules between the co-owners of a business as to what is to happen if a co-owner dies, becomes totally and permanently disabled or suffers some trauma that will likely require them to leave the business.
It will fundamentally deal with when and how the other co-owners will acquire the interests of the outgoing co-owners of the business.
There are numerous strategic ways to structure a buy/sell arrangements. Townsends Lawyers will assist in choosing the method that best suits the co-owners' circumstances.
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