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What are buy-sell agreements meant to accomplish?

What are buy-sell agreements meant to accomplish?

By Nina Kaufman, Esq.

Now I’m not going to summarize the whole of Christopher Mercer’s book on Buy/Sell Agreements for you, but he raises a lot of valuable points that bear repeating (and sharing). First is an answer to that very question: why bother with a buy/sell agreement? Because, as Mercer writes, “they are designed to provide objective means of transferring ownership under difficult circumstances.” And that’s what you want when tensions are high: for cooler (objective) heads to prevail. Think about it. Any time an owner needs to leave a business, it’s a rough situation (even if you’re glad to see the back of him/her). Imagine how you’d feel if your business partner: Quit Retired Became disabled Died, or Simply had to get the boot, whether because she was an idiot, or, more sinisterly, had her hand in the till Chances are, you’ll be dealing with some level of shock, anger, resentment, envy, fear, or frustration (or some combination thereof) in addition to needing to work out the business terms. That combination is usually a volatile one. If…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.