Webinar: Effective Buy-Sell Agreements for A/E Firms
This webinar will take place at 10:00 am EST and is offered at no charge
Whether you already have a buy-sell agreement in place or are ready to adopt one, careful consideration of both the planned and unforeseen events that can occur in a firm’s life cycle needs to be addressed. In this session, we will review important provisions that should be included in a firm’s buy-sell agreement to ensure that the agreement is a self-executing document that will move the firm through an orderly transfer of ownership and protect the interests of current and future owners. In addition, we will discuss several optional provisions to consider based on the firm’s specific objectives.
In this webinar, you will learn:
- The need for a buy-sell agreement.
- The differences between a cross-purchase, stock redemption and hybrid agreement.
- Key elements that should be addressed in every buy-sell agreement, including restrictions on transfer, events that “trigger” the buy-sell, the valuation method and approach, purchase obligations and right of first refusal, use of life insurance and payment terms.
- Optional provisions to consider including in a buy-sell agreement.
Featured Presenters
Deborah E. Finch, CPA/ABV, CVA, is a tax partner at Dannible & McKee, LLP, Certified Public Accountants and Consultants and a principal with the consulting firm Dannible/McKee and Associates, Ltd. She specializes in providing income tax services to professional service firms nationwide.
For the past 20 years, Debbie has been extensively involved in the firm’s business valuation and succession planning practice. She serves as a consultant to Architectural/Engineering (A/E) firms on business valuation and ownership transition issues, and she assists in the development of business valuation studies and structuring ownership transition plans for closely held professional practices.
Samuel M. Lyon, CPA, is a tax partner at Dannible & McKee, LLP, Certified Public Accountants and Consultants and a principal with the consulting firm Dannible/McKee and Associates, Ltd. He has over seven years of experience in taxation and planning for individuals and closely-held companies. Sam oversees tax engagements for a variety of clientele with a focus on architecture and engineering, professional services, multi-state corporations and high net worth individuals. He is also involved in the firm’s business valuation and succession planning services.