Beginning a business with another person or more than one person is an effective way to ensure that the business has all of the talent it needs to succeed. But, it is important to enter into an ownership arrangement with all aspects clearly defined, including what will happen when one owner is ready to leave the business.
A buy/sell agreement dictates what happens when an owner wants to leave the business. Buy/sell agreements should be established at the outset of a business, so that each owner clearly understands his or her rights and responsibilities. A well-drafted buy/sell agreement can be very strong insurance against excessive disruption should an owner seek to leave the business.
Our attorneys provide experienced representation to business owners who are seeking assistance with:
- Drafting a buy/sell agreement — Having experienced business attorneys draft your buy/sell agreement can help you avoid or minimize any potential disputes that could derail the success of your business.
- Representing individual owners as they work through a dissolution — Our attorneys understand how to protect the individual interests and rights of business owners as they proceed through a dissolution.
Decades Of Experience Helping Entrepreneurs With Buy/Sell Agreements
At Brown Paindiris & Scott, our attorneys have been representing the interests of the business community since 1977. We understand the needs of individual business owners, and we have the skill and experience necessary to be able to help them through potentially challenging issues like the drafting of a buy/sell agreement or the dissolution of a business. The quality of the representation our firm provides has been acknowledged by our receiving an AV* Preeminent rating from Martindale-Hubbell, the highest available rating.
Key questions that are answered by an effective buy/sell agreement include:
- How will the value of an owner's interest be determined, including good will, fixed assets and inventory?
- How will the departing owner be paid?
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Contact The Business Contracts Attorneys Of Brown Paindiris & Scott
When you need to draft a buy/sell agreement or a dissolution is at hand, skilled and experienced counsel can help ensure a successful transition. The lawyers of Brown Paindiris & Scott, in Hartford, have decades of experience helping entrepreneurs across Connecticut successfully navigate the various stages of the development of their business. To schedule an initial consultation, call 860-266-4278 or toll free at 877-783-5367, or contact us online.
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.