Your buy sell agreement will make a significant impact on the life of your San Diego business or partnership.  We are continually reminded of the extensive costs that San Diego business owners pay for trying to keep costs down by doing a lot of the business forms such as the “buy/sell agreement” themselves (via form and download sites) in the startup phase of a business.  Cutting corners in crucial business contracts will always result in expensive business disputes down the road.

The buy/sell agreement is a critical business document.  It establishes how the company will handle the normal bumps of life and business down the road, and in many cases those bumps come earlier instead of later.  What happens when one of the principals in the company isn’t pulling their weight or holding up their end?  How do you prevent the former spouse of one of your business partners from owning a large portion of your company (and having to deal with them down the road as a result)?  What happens if we need to bring in another investor, or partner?  What happens when one of the owners dies – and how do the surviving owners and the company itself maintain control over that ownership interest and associated control while providing appropriately for the deceased owner’s family and beneficiaries?

This is why your buy sell agreement will make a significant impact on the life of your San Diego business or partnership.  Life happens. Business happens. Most “off the shelf” documents don’t begin to address these real life scenarios, and the cost of fixing it down the road is exponentially more expensive, time consuming and distracting than doing it correctly now. Contact the Watkins Firm or call us for a free consultation at 858-535-1511 and let’s work together to review your existing documentation and build a plan that will help you to survive any challenge, and thrive.