In business, things can and do go wrong.
The sudden loss of a business shareholder inevitably leads to a demand for repayment of invested capital. Business owners know that this capital is not immediately available. They are also aware of the difficulty of determining a fair value of current equity; let alone how to find the money to satisfy the departed shareholder – or their estate’s, payment schedule.
Business Succession Partners (BSP) is a legal services consultancy dedicated to providing business owners with high-calibre legal agreements that fully cover all aspects of succession planning, partnership and directors agreements.
Having these questions and answers agreed and recorded in a legal agreement has always made sense.