Can A Trust Be A Party To A Buy And Sell Agreement

To minimize the difficulties and conflicts that may arise, it is essential that you can carefully assess the financial impact of a purchase-sale contract. It depends on the nature of the purchase-sale contract. If your company has more than two shareholders and you want the deal to continue beyond the first death, using a buy and sell agreement for companies (stock withdrawal) can make this easier than a cross-purchase agreement (in the meantime). The core of the trust concept is that the powers and functions of the founder are separate from the directors and beneficiaries. Divorce. It`s almost universal that business owners don`t want to be in business with an ex-spouse of an outgoing owner.