Dahlberg Law Firm practices in business law for Duluth business owners to ensure a smooth transfer of the business interest.
Buy-Sell Agreements help businesses provide for a smooth, orderly transfer of a business interest. This transfer can come either upon a business owner’s desire to leave willingly, or not so, such as through a death or incapacity. Without a buy-sell agreement, business owners might find themselves with a new, unwelcomed partner. The agreement allows continuing partners the chance to either buy out the existing partner or their heirs. Those business owners dying without such an agreement often leave their heirs or perhaps spouse with the difficult task of fighting for their rightful share of the business, at a time when they should be grieving.
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