Don't Wait
'Til It's Too Late.
A Buy/Sell agreement is an agreement among business co-owners about how much one of the owners or his family will be compensated for his share of the business in the case of his death, disability, retirement, or some other future triggering event.
Do you have a Buy/Sell agreement? Does it really do what you think it does? How do you know?
For example, say you own an interest in
a successful business. Suddenly, you must
sell out to your co-owners just as the business
is completing its normal “down” cycle. Surprise
-- your 12-year old Buy/Sell agreement’s
boilerplate valuation method excludes your most
recent “up” cycle. Result: you
lose. So, don’t discover your
Buy/Sell Agreement after it blows up. Instead,
give it some respect. Make sure it works
to match your need for fairness and predictability
with your business type, value drivers, and ownership
model.
How Can NCBV Help?
- Pre-formation consulting.
NCBV objectively tests your draft or existing agreement under various performance scenarios. We can help you and your attorney design an agreement that will work, be fair, use value drivers appropriate to your business, and be immune to wild interpretation.
- Test your pending agreement before executing it.
- Test your existing agreement before it triggers.
- Anticipate the unanticipated.
- Triggered Valuation.
When there is a triggering event under your existing agreement, NCBV will independently value the ownership interest based on the applicable Buy/Sell provisions and recognized modern valuation principles.
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