At KLG, we strive to help our client solve their business law needs. Whether it is forming an entity to negotiating contracts, we are here to help.
WE PROVIDE THE FOLLOWING SERVICES:
- New Business/Entity Formation
- Representation of Existing Business
- Business Contracts
- Asset Purchase/Stock Purchase Agreements
- Commercial Real Estate
- Buy/Sell Agreement
We are here to help! Schedule a free consultation to see how KLG can help today. Tell us your story.
A LLC protects you and your personal assets—including your car, home, and bank accounts—from liability if your business is ever sued or incurs debts.
A buy and sell agreement is a legally binding contract that stipulates how a partner’s share of a business may be reassigned if that partner dies or otherwise leaves the business.
Buy and sell agreements are commonly used by sole proprietorships, partnerships, and closed corporations in an attempt to smooth transitions in ownership when each partner dies, retires, or decides to exit the business.
The buy and sell agreement requires that the business share be sold to the company or the remaining members of the business according to a predetermined formula. In the case of the death of a partner, the estate must agree to sell.