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In this tutorial, Ray and Andrew discuss buy-sell agreements and succession planning. Succession planning is crucial for determining the future of a business when a key owner exits, retires, or passes away. It addresses who will take over the business, how operations will continue, and how the business will be valued. A key tool in this process is the buy-sell agreement, which formalizes the arrangements for business ownership transfer. This document specifies who will buy the business and outlines the structure of the transition, ensuring clarity and continuity when a key employee retires or leaves.