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May
2003
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Buy-Sell Agreements
Closely held businesses benefit from the smooth transition
of ownership. This benefit can be achieved using a buy-sell
agreement. There are several types of buy-sell agreements
and many different factors that must be considered by the
owners when initiating a buy-sell agreement.
Buy-sell agreements should be reviewed at least every two
years. This bi-annual review ensures that the agreement reflects
the current ownership of the business and the owner's objectives
by incorporating any changes into the agreement. Buy-sell
agreements often require tax planning to maximize the benefit
to you and your business.
Please contact our office if you would like to discuss setting
up a buy-sell agreement amongst the owners of your business
or if you would like our office to review your existing agreement
to ensure that it accurately reflects your current business
and objectives. We look forward to hearing from you.
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Veres
& Company
Certified Public Accountants
Freedom Square Office Park
4401 Rockside Road, Suite 406
Independence, Ohio 44131
(216) 524-8422
Fax (216) 524-2624
e-mail: staff@veres.com
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