• August 2019
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Buy Sell Agreement Lawyers

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CONTRACTS

Buy-sell with confidence.

Plan ahead as a co-owner of a closely-held company by creating a buy-sell agreement.
Know you’re doing it right

You won't forget anything
You have an attorney to turn to 

Avg price range

Costs largely depend on the complexity of the project, location, and other details. Speak with our experienced project managers to get an exact price based on your unique project requirements. 
 
*Estimates shown
  • Buy-sell agreements

$380 - $770 avg.

LawTrades
Traditional Large Firm

Why an operating agreement

A buy-sell agreement (also referred to as a “business prenup”) is a contract between owners of a company that states what will happen to the business if an owner passes away or leaves the company. The agreement controls how the owners of a business can sell their interests in the business, who they can sell them to, when they can sell them, and how much they can sell them for. A buy-sell agreement is utilized most by closely-held companies as it’s a great way to assure that the business remains with the current owners (or “in the family”) rather than allowing standard corporation or partnership rules control what happens.

Without a buy-sell agreement, a business can face a bunch of problems when one owner leaves the company, is divorced, becomes bankrupt, disabled, retires, or dies. A well-written buy-sell agreement can dictate what happens when each of those events take place. Although this agreement can be created at any point, it’s recommended for business owners to execute an agreement at the same time of, or soon after, incorporating. 

The benefits

Know you’re doing it right

Although you may be able to do this yourself, there is a chance you will make a mistake, overlook something, or simply take a path that is not the best for your company. A buy sell agreement lawyer is a safe-guard against these problems.

You have an attorney to turn to 

There’s a good chance you’re going to like your attorney from LawTrades and want to keep using him / her. Also, it may help to turn to the lawyer who drafted the agreement when an event triggers it. 

You won’t forget anything

There are many events that can trigger a buy-sell agreement. There are also a lot of other terms to include in a buy-sell. A buy sell agreement lawyer will assure all the points are hit. 

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

Reviews

Daniel M.

⭐⭐⭐⭐⭐
Service, Cost and Process was amazing. Definitely, will look here first for legal needs.

Stuart G.

⭐⭐⭐⭐⭐
Excellent, straightforward service which was simple to use particularly when under a tight deadline.

Lori L.

⭐⭐⭐⭐⭐
I am so thankful to have located Law Trades. As an indie publisher, I have a tight budget and help with legal documents can "break the bank". Law Trades offered a reasonable price - suitable for a small business like mine. The service was extremely professional and I was able to receive the legal document I needed in less than 1 week.

What people
are saying

(46 Positive Reviews)

⭐⭐⭐⭐⭐

Reviews

Joey C.

⭐⭐⭐⭐⭐
So far has been an excellent experience. My LawTrades attorney is excellent at what he does, has fair pricing, and is as excited to work with our company as we are to build it. LawTrades also has excellent customer support, and I've enjoyed using your interface as well to track invoices. The only thing I would want is the ability to delete projects, and to use your website on my tablet. Other than that, great work. Keep it up! I've already mentioned you to other founders and colleagues!

Justin P.

⭐⭐⭐⭐⭐
I had an excellent experience with LawTrades. From the initial enquiry they located a lawyer (Sylvain) who was ideal for my needs. Sylvain was very friendly, efficient and provided a great service at a great price. I would not hesitate to use LawTrades or Sylvain again. The administration and process from start to finish was made as easy as possible by the LawTrades team.

Michael A.

⭐⭐⭐⭐⭐
Have been working with them since back in 2015. They're building an amazing platform that's really going to disrupt how the legal practice has been looking at for quite a while. Big fan of what they are in the process of building, and the product itself is great too. Recommend this to anyone who's looking for a lawyer, but might be confused about where to start. LawTrades makes it super easy.

Frequently asked
questions

Can I use a template I found online?
I wouldn’t recommend it. A buy sell agreement should be custom-drafted and particular to your company and co-owners. A buy sell agreement lawyer should guide you in this process as the needs of each company and its owners are unique.
What are the different types of buy-sell agreements?
There are three types of buy sell agreements. The first is a redemption agreement where the entity (rather than the other owner) is required to purchase the departing owner’s interest. Another type is a cross-purchase agreement where the remaining owners are required to purchase the departing owner’s interest. Lastly, there is a hybrid agreement where the departing owner’s interest is first offered to the remaining owners and if they choose not to purchase the departing owner’s interest then the entity is required to purchase this interest.
What type of business entity is a buy sell agreement intended for?
A buy sell agreement can be used for all business entities, including C-Corps, S-Corps, and LLCs.
Must a buy-sell agreement ever be updated?
A buy sell agreement should be updated if there is a change in circumstances such as a new owner, new spouse of an owner or other personal matter.
How does a company formulate its value when a buy-sell agreement is triggered?
It’s important to include a valuation formula in the buy sell agreement. This allows owners to discuss and vote on the how the company should be calculated. Failing to do so can cause a ton of controversy, including litigation costs and having to hire a professional appraiser.