Business Owner Planning

Buy-Sell Agreement Review

Most buy-sell agreements are outdated, underfunded, or do not reflect what the business is actually worth. We find the problems before they become your family's problem.

A Buy-Sell Agreement That Is Not Reviewed Regularly Is a Liability

Business owners with partners often set up buy-sell agreements when the business is new and then never revisit them. By the time they are needed, the valuation is stale, the funding mechanism is wrong, and the terms conflict with the owner's estate plan.

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How It Works

1

A 15-Minute Call With Shawn

Tell us what is going on with your family. Shawn walks you through your options and what each one costs. Free.

2

Melissa Designs Your Plan

She builds your estate plan from scratch based on your specific assets and family. You get an exact quote before you commit to anything.

3

Review Every Document With Melissa

Before you sign, Melissa walks through every document with you in plain language. No legal jargon. No confusion about what you are signing.

4

Your Plan Is Complete

Melissa delivers your completed documents and explains exactly what your family needs to do. You leave knowing your plan is in place and your family is protected.

Melissa Breyer

Melissa Breyer

Georgia Estate Planning Attorney

Melissa Breyer is a Georgia estate planning attorney who works exclusively on trust-based estate planning and LLC formation. She personally designs every plan at The Hive Law and handles every client consultation herself. Every plan is built from scratch for your specific family, your specific assets, and your specific wishes.

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Frequently Asked Questions

No. Buy-sell agreements exist to govern co-ownership situations. If you are the sole owner, your succession plan and estate plan govern what happens to the business. Once you bring in a partner or co-owner, a buy-sell agreement becomes important.

Common triggering events include death, permanent disability, retirement, voluntary sale to a third party, divorce, bankruptcy, and termination of employment (for owner-employees). Your agreement should specifically define each trigger and the buyout process that follows.

Buyout price is typically determined by a formula set in the agreement — fixed price, book value, earnings multiple, or independent appraisal. The formula should be reviewed regularly to ensure it reflects current business value. Many agreements use stale formulas that significantly undervalue the business at the time of a buyout.

In a cross-purchase agreement, surviving co-owners buy the departing owner’s interest directly. In a redemption (entity purchase) agreement, the business entity buys back the interest. Each structure has different tax and insurance implications. We review which structure is right for your business.

Stop carrying this around.

A conversation with Shawn. You'll walk away knowing what your family needs and what it costs. That's it.

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