Exit Strategies......

The best exit strategies are designed and implemented on the first day of business.  Buy/Sell Agreements are similar to marital prenuptial agreements.  Two or more partners that are entering into a business arrangement under the best of terms and intentions are able to negotiate the terms of their separation while hopes are high and everyone is still talking to each other.  It is far more difficult to reach agreeable terms when friendships are waning, the business is struggling, employees are frustrated and communication has broken down.

As important as a Buy/Sell Agreement is, an important question is, "How will it be funded?"  It is important to have the resources at your disposal to execute the Buy/Sell Agreement if and when it is required.


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