• Our Firm
  • Practice Areas
    • Business Entities
    • Charitable Planning
    • Employee Benefits/ERISA
    • Estate and Gift Taxes
    • Estate Planning
    • Income Tax Law
    • Mergers and Acquisitions
    • Non-Profit/Tax Exempt
    • Probate/Estate Admin.
    • Tax Controversies
    • Wills and Trusts
  • Attorneys
    • Robert E. August
    • Jonathan R. Colao
    • Michelle King
    • Phillip J. Martin
    • W. Verne McGough, Jr.
    • Keith G. Meacham
    • Andrew D. Merline
    • David A. Merline, Jr.
    • Marie Monroe
    • J. Aaron Nelson, Jr.
    • Douglas B. O’Neal
    • David M. Thompson
  • Firm News
  • Resources
  • call Us Today
    864.242.4080
Merline & Meacham, PA
Contact Us

Properly Executed Buy-Sell Agreement

May 14, 2019
by Merline & Meacham, PA
Resources

If you own an interest in a closely held business, it’s critical to have a properly executed buy-sell agreement. Without one, an owner’s death can have a negative effect on the surviving owners. Estate tax liability can bring about a forced sale of the business if your estate is large enough and your family lacks liquid assets to satisfy the tax liability. A buy-sell agreement permits the remaining owners to buy the interest of an owner who dies, retires or otherwise leaves the business. In the case of death, the buyout typically is funded by life insurance, which provides a source of liquid funds to purchase the deceased owner’s shares and cover any estate taxes. Contact us with questions.

Share
Next Post
Merline & Meacham, P.A. is pleased to announce that David Merline, Jr., Keith Meacham and Robert August have been selected to the 2019 South Carolina Super Lawyers list
Categories
  • News
  • Resources
  • Uncategorized

Upstate – Greenville Office

812 East North Street, Greenville, SC 29601

Phone: 864.242.4080

Fax: 864.242.5758

 

Midlands – Cayce Office

190 Knox Abbott Drive, Suite 3B, Cayce, SC 29033

Phone: 803.814.0027

Fax: 803.658.4732

Quick Links
  • Our Firm
  • Practice Areas
  • Attorneys
  • Firm News
  • Resources
  • Contact
FOLLOW US
Facebook
LinkedIn
CONTACT US TODAY

    Copyright Merline & Meacham, PA © 2022. All Rights Reserved.

    This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of an attorney/client relationship.

    Digital Partner - WebSpeak Media

    • Our Firm
    • Practice Areas
      • Business Entities
      • Charitable Planning
      • Employee Benefits/ERISA
      • Estate and Gift Taxes
      • Estate Planning
      • Income Tax Law
      • Mergers and Acquisitions
      • Non-Profit/Tax Exempt
      • Probate/Estate Admin.
      • Tax Controversies
      • Wills and Trusts
    • Attorneys
      • Robert E. August
      • Jonathan R. Colao
      • Michelle King
      • Phillip J. Martin
      • W. Verne McGough, Jr.
      • Keith G. Meacham
      • Andrew D. Merline
      • David A. Merline, Jr.
      • Marie Monroe
      • J. Aaron Nelson, Jr.
      • Douglas B. O’Neal
      • David M. Thompson
    • Firm News
    • Resources