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Personal Finance 101 – Who Buys The Business?

Part of any good business plan is an exit strategy if the unexpected happens.  A good Buy-Sell Agreement should anticipate certain unfortunate but foreseeable events, and make sure a plan is in place that is fair and reasonable for the owners and the business itself.  One important detail to include in any Buy-Sell Agreement is: Who has the right to buy an owner’s interest after a triggering event occurs?  There are a few main options discussed below. Redemption. In a Buy-Sell Agreement using the Redemption structure, the business agrees to purchase (“redeem”) the interest of an owner after a triggering event.  The owner agrees that he, or his estate, will sell the business interest back to the business for the agreed price.  The main advantage of the Redemption approach is that it is usually the simplest form of buy-sell transaction, and when there are many owners involved, the simplest structure can sometimes be the best. However, there are certain key ...

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40 Year Old Business Virgin – Diane Coleman – Director of New Business Development – oXYGen Financial, Inc.

40 Year Old Business Virgin – Business Radio Come join your hosts, Ted Jenkin and Kile Lewis; CEOs of oXYGen Financial EVERY Friday at 12pm as they interview local Atlanta Area CEOs to learn the do’s and don’ts of starting up, running, and growing a new business in today’s economy. TUNE IN LIVE – EVERY FRIDAY at Noon!!!! LISTEN ONLINE-Click Here Today’s Guest – Diane Coleman Director of New Business Development, Senior Business Consultant oXYGen Financial, Inc. 11680 Great Oaks Way Suite 175 Alpharetta, GA 30022 O: 770-777-0427 F: 678-551-7961 www.oxygenfinancial.net Diane moved to Atlanta 10 years ago from California.  In addition to graduating top in her class from the University of Phoenix where she earned her bachelor’s degree in accounting, she has more than 20 years’ small business accounting and taxation experience.  She came to oXYGen Financial Tax and Business Services after negotiating a buyout from an engineering firm in Alpharetta, Ga where she was the acting CFO and ...

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