Building a successful business is not an easy task. Often, entrepreneurs and their families place personal needs second to business demands during the start-up and growth years. As the years pass, the business begins to appreciate, with prosperity just around the corner. However, the untimely death of the entrepreneur may mean that rewards never materialize for the heirs, and years of sacrifice go for naught.
In situations where business owners have a desire to equalize the benefits between the first and last to die and they agree that a deceased owner’s heirs should share in the anticipated future appreciation, the “no-sell buy-sell” may be the answer.
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