Buy-Sell Agreements

Discussion in 'Growing and Managing a Business' started by beegee, Oct 10, 2015.

  1. beegee

    beegee
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    In the next 2-3 years I will have an opportunity to buy into a contracting company with annual revenue of $18M. I know how to make money in this business, but I'm not familiar with this type of transfer. Currently the company has 1 sole owner and has been in business for 25 years. What type of agreement should I expect that the current owner will want? I'm assuming that because of tax reasons, he's not looking for a lump sum buyout? Also, how can I raise the money that will be required up front for due diligence (and I assume I'll need a broker as well to facilitate an agreement)?

    Any advice is appreciated.
     
  2. Robert01

    Robert01
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    You said you know how to make money in this business. I believe that is enough in these agreement. You already know your risks (tax) more or less. So, it seems to me that risk factors are not much to be worried about. Good luck with your decision.
     

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