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you and your business partner John run a successful business together you are both experts in your industry and work well together and each adds significant strategic value to the company the unexpected happens and John passes away the shares that used to belong to John are passed on to his spouse Mary who now has a 50% stake in the business mary has a different idea of how the business should run you need to buy Mary out but is she willing to sell if she is willing to sell what should the buyer value be based on and how will you afford to purchase her shares of the company this is where a properly drafted buy sell agreement comes into place the buy-sell agreements is established early when there are one or more partners in the company it is a simple solution that ensures each business partner will have the right to buy out a deceased partner shares from his or her estate and have the funds to make the purchase every business should have a plan to deal with the loss of its owners a bu...