If a partner, officer or key employee suffers injury, illness or death, the consequences could derail your business – unless a buy/sell agreement is in place. For example, should a partner die or become disabled, the remaining partners will likely need to buy out that partner’s share. In such a case, it will be far simpler and generally less costly to adhere to the terms of an existing agreement than to start negotiating from scratch with the partner or heirs, especially in a time of crisis. Zeller Kern can help your practice mitigate these risks with proactive planning. We can help you design and implement buy/sell agreements and business continuity plans with appropriate insurance in place.
We work with your existing legal counsel – or we can recommend counsel – to ensure that legal agreements are property executed and implemented.