Business Advisory Group to Host Buy Sell Agreements and Business Crisis Planning Seminar October 21, 2015

October 7, 2015

The Business Advisory Group will host a Buy Sell Agreements and Business Crisis Planning Seminar on Wednesday, October 21, 2015 from 8:00 – 10:00 a.m. at the offices of Hamburg, Rubin, Mullin, Maxwell & Lupin. To RSVP, please contact Joan Wean (JWean@HRMML.com or 215.661.0400). Continental breakfast will be available.

What will happen to your business in the event of the sudden death or disability of the CEO, a shareholder or other key players, or in the event of other unplanned events such as the termination of an owner’s employment, the divorce of an owner or a major dispute among the owners?

Properly written documents addressing how ownership and management of the business will be handled going forward in the event of the occurrence of such a crisis could be crucial to the continuation of the business.

Questions Every Business Must Ask

Q. Has your business recently reviewed its legal structure to determine whether it is set up in the most advantageous manner for legal and tax purposes, considering recent developments and changes in the law?

Q. Do the owners of your business have a current, updated buy-sell agreement which controls how ownership interests in the business are to be transferred in the event of an owner’s death, disability or termination of employment?

Q. Have the owners of your business developed a succession plan to define how ownership and authority will transition upon the death or retirement of the present owners?

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