I deal with many corporations both large and small, in the Caledon area.

My role is to provide help through the funding mechanism to ensure that corporations, partnership and proprietors meet their objectives when faced with certain events like death, disability and retirement! I can assist with Buy-Sell agreements, estate freezes and succession plans.

What is a Buy-Sell aggreement?

A properly drafted buy-sell agreement will usualy cover most or all of the following events:

• restriction on the sale of an owner's interest in the business to third parties;
• dissention between the owners;
• bankruptcy or marital breakdown of one of the owners;
• retirement of one of the owners;
• mental or physical incapacity of an owner;
• death of an owner.

Advantages of a buy-sell agreement to deceased owners estate:

• guaranteed market for the sale of the business interest;
• fair price received upon the sale of the business interest;
• liquidity at the time of death.

Advantages to surviving owners:

• guarantees that the estate will sell the business interest;
• ownership of the business remains with the surviving owners;
• minimizes potential disruption to the business.