All businesses that are owned by more than one shareholder, partner, member or owner of the business should have a buy-sell agreement that governs the transfer of ownership interests in the event of a triggering event.

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A buy-sell agreement provides a predetermined path for the ownership of a business upon the occurrence of a triggering event.  Without a buy-sell agreement (or shareholder agreement, partnership agreement or operating agreement that contains buy-sell provisions) in place, our Tampa business attorneys and Tampa contract lawyers understand that the owners of a business could ultimately be stuck with unwanted co-owners of their business, with no way of forcing the co-owner to sell, transfer or divest the ownership interests of the business and with no way of forcing the co-owner to buy their ownership interests either. 

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Stated differently, in most cases, a well drafted buy-sell agreement provides liquidity for the ownership interests of a small to medium businesses.  Our Tampa business attorneys and Tampa contract lawyers indicate that a buy-sell agreement also provides a succession plan for the operation of a business upon the occurrence of a triggering event.

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Our Tampa business attorneys and Tampa contract lawyers prepare buy-sell agreements (as well as shareholder agreements for corporations, partnership agreements for partnerships and operating agreements for LLCs) for all types and sizes of businesses throughout Tampa, Florida.

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If you are in need of a Tampa business attorney, Tampa contract lawyer, Tampa lease lawyer or Tampa real estate attorney to review, negotiate or prepare your buy-sell agreement or contract, or to handle your business, real estate or commercial transaction, please feel free to contact us at any time.

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