Funding of Buy-Sell Agreements

A buy-sell agreement, which is also referred to as a buyout agreement, is an arrangement that is made between co-owners of a business to determine what will happen if one of the owners dies, becomes disabled, or chooses to leave the business.  This type of agreement is sometimes called a “business will,” because it clearly determines the course of action that will be taken if certain situations should arise.  The key question here is whether there would be enough money to fund a buyout if any of the triggering events (death of a partner, retirement, etc.) should occur.  To ensure that all provisions of your buy-sell agreement can be properly funded and to be sure that the that the future of your business is safe and secure, contact Carlisle Insurance today to be sure that the future of your business is safe and secure.