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... Create a Buy-Sell Agreement
If you co-own a business with others, such as a partnership, LLC, or corporation ... , you will want to sign a buy-sell agreement, or buyout agreement, with your co-owners, that will control ... A buyout agreement can even call for the company to purchase life insurance on the owners so that it ... Other business owners want to keep the business in the family, and in that case the buyout agreement ... For more information, see Business Buyout Agreements: A Step-by-Step Guide for Co-Owners, by Bethany ...