Everyone starts a business hoping for lasting success and strong partnerships. But what if your partner dies, decides to leave, or the business fails? You need a plan.
The best time to create that plan is at the beginning—when things are running smoothly. Here are a few options to protect yourself and your business:
- Buy/Sell provisions in your Operating Agreement.
- Key Man insurance to buy out a deceased partner’s heirs.
- Specific provisions in the Operating Agreement regarding the buyout of a leaving partner.
These tools help protect you, your business, and your partner’s family. Work with Moseman Law Office to build a comprehensive plan now, before you need it. Click here to make an appointment.