Buy and Sell Agreements in Plano, TX
Every new business needs to consider obtaining its own buy and sell agreement. The Law Offices of John F. Williams, Jr. have the knowledge and experience in business formation and planning to formulate the perfect buy and sell agreement for your business. Buy and sell agreements are necessary to protect co-owners from liability if one or the other needs to leave the business. Often, unforeseen circumstances, such as financial instability, divorce, or death, leave a business in turmoil. Having a proper buy and sell agreement is an investment in diminishing future risk for everyone involved in your business. Contact an experienced attorney like John F. Williams, Jr. as soon as possible to create your own buy-sell agreement.
Can I Create a Buy and Sell Agreement on My Own?
While you may see many boilerplate DIY options for buy and sell agreements, it is a risky choice. There are specific clauses you may need to include that are pertinent to your business. A licensed attorney who has experience in business formation can inform you of terms that are crucial for you to add to save you future headaches and complications. If improperly enacted, your agreement may not even be valid. To minimize your risk, it is best to consult with an attorney to create a proper buy and sell agreement.
How are Buy and Sell Agreements Created?
Creating the perfect buy and sell agreement requires you and your business partner to consult with a licensed attorney. Schedule an initial consultation with an attorney who practices in the area of business formation. Bring important documents with you and be prepared to discuss the details of your business. The attorney will walk you through the process to create the perfect buy and sell agreement.