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Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are important to understand.
May 22, 2017 Stuart Mordfin, CPA, CGMA c corporation, disability insurance, life insurance, boost retirement savings, corporate alternative minimum tax, private companies, transfer of ownership, triggering events, long term disability, s of license, backruptcy, divorce, funding, heightened liability, tax implications, buy-sell agreement, owners death, legal incapacitation, cross purchase agreement, redemption agreement, company shares
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