If you are one of the millions of Americans who is a small business owner, or who owns an interest in a small business, it is crucial that you incorporate business succession planning strategies and tools into your overall estate plan to ensure that your financial interest in the business is not lost if something happens to you. Because your business, and the financial interest you have in it, is unique, it is always in your best to work with your North Dakota estate planning attorney to decide … [Read more...] about Simple Buy Sell Agreement
A small business may be structured using any of several different types of legal entities, including a partnership. If you have entered into a partnership agreement, you retain a valuable legal interest in the business. That interest is an asset that should be protected within your estate plan. Ideally, the full value of your interest in the partnership should be available to help take care of your loved ones in the event something happens to you. One way to ensure that happens is to enter into … [Read more...] about What Is a Partnership Buy Sell Agreement?