Make Sure Your Buy Sell Agreement Addresses Partner Disputes

Lets spend another minute on the buy-sell agreement. As discussed, death is insurable. More complex is how feuding partners can separate. Deal with this when you are starting your partnership. If you cannot work out a fallback agreement then, think what it will be like if the business is not doing well and one of you wants to leave. Don’t always assume your partner will be the one to leave. Few former owners we talked to thought they would voluntarily leave their business when they started it.