Understanding Buy-Sell Agreement
Buy-sell agreements add tremendous protection for business owners, helping them provide for the unplanned — life events like divorce, disability or death — that may lead to a business buyout. At the Austin, Texas, law office of John McDuff, I draft binding contracts between co-owners of Texas businesses. These buy-sell agreements control when owners can sell their interest, who can buy their interest and what price must be paid.
Representing Companies Throughout Texas
My clients include small and mid-size companies in Texas or with business interests in Texas. I provide them with high-level, sophisticated legal representation. When I handle a business transaction, I use a well-honed business sense and tax law acumen gained as a licensed CPA (formerly with Price Waterhouse).
As an experienced lawyer, I know that a good buy-sell agreement takes a broad spectrum of matters into account. It accounts for what happens if a co-owner of a business gets divorced. It also accounts for a co-owner’s personal bankruptcy, dictating how that bankruptcy will affect the partnership. Buy-sell agreements should also take into account what happens when one partner needs to buy, but cannot buy, the ownership interest of one of its owners, as well as what tax implications the transaction may incur.
Contact an Experienced Business Attorney in Austin
I support my clients’ business needs with a high degree of personal attention. Offering an unparalleled commitment to client satisfaction, I am available 24/7/365 to meet your needs. I often give my clients my personal cell phone. They can call me at any time, including evenings and weekends. Any messages left are promptly — if not immediately — returned. Contact me at 512.457.1177 to talk with an experienced attorney about your needs.