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welcome back to the Biff mini bites video series where we take five minutes to discuss each of the most important CFP exam topics Im Mike long from the Boston Institute of Finance and in this mini bite were going to take a quick look at one of the forms of a buy sell agreement that specifically an entity purchase buy sell agreement sometimes referred to as a stock redemption plan as its often used in a corporate setting and the purpose of this is to be able to transfer the business to the remaining owners at the death of one of the the shareholders the owners at a fair price for the deceased family and then the surviving owners own a hundred percent of the outstanding stock after the execution of this and this is one of the simpler types of buy-sell agreements to to understand so we have our business owner has a business interest and so the business and the owner enter into it buy sell agreement in this case an entity purchase and what that means what that contract is about is at t
