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the following BL TV program is brought to you by OFlaherty law please enjoy welcome to learn about law my name is Kevin o Flaherty from OFlaherty law and today were going to talk about how to determine a businesss value for buy-sell agreements a buy-sell agreement is a contract between owners of a closely held corporation an LLC or a partnership that allows them to plan in advance for what will happen if the one of the owners in the business part ways upon the occurrence of a triggering event so this might be the death or disability of an owner the owner filing for bankruptcy or divorce the owners voluntary decision to terminate ownership based on a routine stock sale to a third party or based on retirement or the companys decision to part ways with the owner a good buy sell agreement includes several elements and that well start with what events will actually trigger the buy sell agreement and what situation is the company going to be required to or have the option to buy an exi
