The Commercial and Real Estate attorneys at KALIS, KLEIMAN & WOLFE help Florida businesses (corporations, partnerships, LLCs and even proprietorships) with buy-sell agreements. Buy-sell agreements are legally binding contracts. There is no one best buy-sell agreement to have. It depends on the unique needs of the business and its owners. Without a buy-sell agreement in place, your business may be at risk.
A buy-sell agreement is an agreement entered into by business owners that governs, such as death of a business owner, disability, license revocation, divorce, retirement, a forced sale event, or sale of interest in the business. These are often referred to as trigger events. A buy-sell agreement clearly details how significant future changes will affect the management and control of a business.
Our attorneys highly recommend having a buy-sell agreement in place from the outset of any business relationship versus after the business is established. In the long term this can avoid loss of time, additional expenses and potential costly litigation.
There are many details to consider (ownership, continuation, valuation, taxes, payments, etc.) to take into account when setting up a buy-sell agreement; therefore, it is strongly recommended that you hire an experienced law firm. The attorneys at KALIS, KLEIMAN & WOLFE have more than 25 years of experience in drafting buy-sell agreements and resolving or litigating disputes resulting from buy-sell agreements.
If you or your business needs legal help preparing or resolving a buy-sell agreement, a business matter or if you have questions regarding other business matters or your legal rights, contact the experienced Commercial Litigation Attorneys at KALIS, KLEIMAN & WOLFE, the South Florida-based law firm today at (954) 791-0477.