Episode Notes

Hey everybody, this is Gene Marks and welcome to this week's edition of The Hartford's Small Biz Ahead podcast. Let's talk about buy-sell agreements. Now listen, when a business is started, you realize there's always plenty of paperwork to complete, like permits and licenses and articles of incorporation and resolutions and corporate minutes and payroll forms and tax returns and business applications. But there's one document that's crucial at this stage, and yet it's often overlooked. It's called a shareholder agreement or what's more commonly referred to as a buy-sell agreement. And if you don't have one in place, I'm telling you could be very sorry someday in the future. It is definitely one of the most important business documents that any business owner needs to have. It's a binding contract that's in place that oversees or specifies how business interests are to be transferred and under certain conditions. I would elevate it all the way up there to having a will, right?

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