Buy-Sell Agreements
Fishers Corporate Law Attorneys Helping Protect Your Business Interests
Going into business with others can be an exciting endeavor. As you and your business partner are working on the logistics of getting your business started, there is one important document that needs to be drafted during this process: the buy-sell agreement. Our Fishers lawyers can assist you with preparing this crucial contract for your business. With 150 years of combined legal experience, we have handled a variety of complex corporate law matters, and we can draft an agreement based on your unique business needs.
To get started on developing a buy-sell agreement to protect your business interests, call Massillamany Jeter & Carson LLP at (317) 434-1490.
What Is a Buy-Sell Agreement?
A buy-sell agreement, also called a buyout agreement, is a legally binding contract that states how your co-owner’s shares in the company can be transferred if they are unable to continue with the business. A good agreement will set terms for when, to whom, and for what price your former business owner’s interests can be sold. It will also include a clause that states how the value of the business will be determined and who will conduct the valuation. At Massillamany Jeter & Carson LLP, we will work closely with you through this process to develop solid agreement so you know exactly what will happen with your business if something unexpected happens to your co-owner.
When Is a Buy-Sell Agreement Triggered?
A buy-sell agreement can be triggered by a number of events, including:
- Bankruptcy
- Death
- Disability
- Divorce
- Resignation
- Retirement
Many questions can arise after a triggering event, and the answers are not always straightforward. For example, in a divorce, marital property is generally split equitably between spouses. Does that mean your co-owner’s ex-spouse will have ownership interest in the company? How is disability defined, and at what point can your co-owner’s interests be sold if they become disabled? A well-drafted buy-sell agreement will outline how to address these and other issues to help avoid adverse impacts on your business.
Retain Experienced Legal Service for Your Business
Our Fishers buy-sell agreement attorneys will thoroughly review your circumstances to help you understand the type of agreement that will be best for your business. By understanding your needs, we can help you achieve your business goals and protect your future interests.
For high-quality legal representation, call Massillamany Jeter & Carson LLP at (317) 434-1490 or contact us online.
Why Choose Massillamany Jeter & Carson LLP?
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A Personalized, Team-Oriented Approach
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150+ Years' Combined Experience
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We Are Active Members of Our Community
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We Treat Every Case Individually
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We Are A Boutique Law Firm
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Initial Consultations Are Always FREE!
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"Chris Jeter and his team stand by my side to help guide me in the right direction."
My name is Kelley R., owner of Wishes Dance Studio. As a small business owner in Fishers, Indiana I have found having a great attorney to be more valuable to me than great accountant. Chris Jeter and his team stand by my side to help guide me in the right direction. His knowledge of small business protected me in areas I didn't even know existed. As a result, it gave me peace of mind, takes away the worry and lets me concentrate on growing the business.- Kelley R. -
"Amazing and thorough..."
Thomas Blessing and his legal aid, Jacqueline, we're so amazing in the manner in which my grandson was advocated for in our local school system. The situation was difficult, to say the least, and Tom fought ethically and capably to protect our dignity and rights for my grandson's educational needs. We won more than the right for him to attend school as an average student, but also make-up time. I would recommend Tom and his team to help with anything educational legal issues you might have.- Kathy -
"Mario is the best"
Mario helped with my husbands case he is super professional and always there to help! He is the best!! Thank you Mario!- Nina -
"We highly recommend this firm"
Our family has retained M&J LLP on several occasions. We were under great stress, did not know what to do next, and believed our situation was hopeless when we met with Mario M., Chris J., and staff. These people are not only brilliant, educated lawyers, but proved to personally care about what happened to our family. We feel deeply indebted to Mario M. particularly for the caring service we have been receiving. We cannot say enough good things to describe the responsible legal assistance we have received over the past year. We highly recommend this firm and will definitely use their services in the future if necessary- Lynn C.