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hi and welcome to another edition of small business minute brought to you by Hendler financial I'm Nik antonucci and on this episode we're going to be talking about buy-sell agreements [Music] in dealing with many small business owners we can't stress enough the importance of I sell agreements here's something to consider how would you like your business partners ex-spouse to help you run your company we're having unrelated third party being owner it's not ideal right these are real-life situations that occur but could have been prevented with the right planning she might be asking what is a buy-sell agreement and if you're a business owner asking that we have some work to do the good news it's not too late a buy-sell also known as a buy and sell agreement a buyout agreement a business will or even a business prenup is a legally binding document which details the stipulations on how partners in a business may transfer their ownership in the event that one owner dies becomes disabled r...