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Steven Staugaitis Writes Article for Philadelphia Business Journal on Common Buy-Sell Agreement Mistakes

September 29, 2020 1 Min Read News & Press, Transition/Exit Planning
Steven E. Staugaitis, CPA, CVA Director, Audit & Accounting, Small Business Advisory Services Group Leader, Family-Owned Businesses Group Co-Leader

If you’re the owner of a privately held company, your business is often the largest asset on your personal balance sheet. One of the best ways to protect that investment is to have a well-written buy-sell agreement that spells out the terms and conditions under which your ownership will be transacted amongst your fellow business owners. Without a proper document, owners can be left in limbo and in a state of constant negotiation, often at a time when emotions are high.

Your agreement should be structured in a manner that reflects the intentions of the owners and contains provisions that protect them and the company. Here are three common short-comings with buy-sell agreements.

Read the article on Philadelphia Business Journal's Website

Contact the Author

Steven E. Staugaitis, CPA, CVA

Steven E. Staugaitis, CPA, CVA

Director, Audit & Accounting, Small Business Advisory Services Group Leader, Family-Owned Businesses Group Co-Leader

Family-Owned Businesses Specialist, Small Business Advisory Specialist, Business Valuation Specialist, Transition/Exit Planning Specialist

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