Business Succession Planning: How to Use Buy-Sell Agreements to Plan for an Owner’s Retirement

Video by Attorney Kevin O’Flaherty

Article written by Illinois Attorney Kevin O’Flaherty

In this article we discuss business succession planning and explain how to use buy-sell agreements to plan for an owner’s retirement. We explain three different options to plan for a business owner’s retirement with buy-sell agreements, including: the company purchasing a retiring owners shares through a lump sum payment, the company purchasing a retiring…