Ownership transition is critical to business owners because it affects business performance and value, management incentives, legacy, family and personal success. An attorney referred us to his client, a professional services firm, to work through complex buy-sell and valuation issues for inclusion in an updated buy-sell agreement. The three owners disagreed on valuation approaches, timing, terms, transaction structure and how to deal with death, disability, divorce, retirement and termination for cause and at will. 
 
Result #2: The three had made no progress on their own, even though retirement loomed for one owner. In addition, the existing owners wanted to create an attractive structure to motivate two key employees to buy into ownership. Our team helped guide them through these issues enabling the three current and two potential owners to reach consensus and complete the buy-sell agreement. Our collaborative approach helped the owner group identify, clarify and achieve their transitional objectives.
 
Allan Vander Hamm, Director of Business Valuation and Transition Services. avanderhamm@bpcpa.com