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Sole Proprietorship Buy-Sell Agreement - $17.49
Document Id : 399
File Type : Microsoft Word
Ensure the continuity of your business with this Sole Proprietorship Buy-Sell Agreement.
- The Agreement is between the owner of a sole proprietorship and an employee who wants to purchase the business when the owner dies, as both parties want the business to continue to exist.
- On the death of the proprietor, the executor or administrator of the estate will sell the business to the employee.
- The employee will finance the purchase through proceeds of a life insurance policy on the life of the proprietor.
- The purchase will include all real property, accounts receivable and other assets of the business.
- The parties will jointly determine the value of the business at the end of each fiscal year.
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