The Brass Tacks of Corporate Buy-Sell Agreements
Denise Brunson Schuh and Steven B. Gorin
8 PROBATE& PROPERTY JANUARY/FEBRUARY 2004 Acorporate buy-sell agreement is an indispensable business succession tool because it not only can create a market for the sale of closely held stock but also can provide liquidity to the family of a deceased shareholder to meet estate-related expenses. The following summary of buy-sell agreements will review the types of buy-sell agreemeent and common funding methods and discuss the tax considerations for each type of agreement. Types of Buy-Sell...