"Nolo has been publishing excellent self-help legal manuals since 1971." Kiplinger's Personal Finance Magazine "For more on buy-sells. read Nolo's Business Buyout Agreements." Inc. Magazine "Business Buyout Agreements takes you through it, step by step." Accounting Today "Buyout agreements should be part of the initial documents when people start a company together, say Laurence and Mancuso, because it sets out in advance the rights of each owner if someone wants or needs to leave the business. Among the matters they discuss are when and how to allow an owner to request a buyout, when a buyout should be required, how to restrict who can buy into the company, how to value the business and each owner's share, how to set up payment terms to make future buyouts affordable, and how to provide the funds for future buyouts." Eithne O'Leyne, Editor, ProtoView Author comment: This book helps create a buyout, or buy-sell agreement, which is like a premarital agreement for business owners.

Only 20% of businesses have this type of agreement, but 100% need one. Without a buyout agreement, the owners risk losing the money and work they put into their business when one of the owners wants to leave - or when an owner gets divorced, dies, or files for bankruptcy. This book walks you through creation of a buy-sell agreement and includes a fill-in agreement that can be tailored for owners of corporations, LLCs, and partnerships.