Buy-Sell Agreements Can Preserve Generational Wealth

Brent discusses buy-sell agreements for small or family businesses. He explains how they work, the different versions (buy-sell, cross-purchase, dual), who they should apply to, and how they can be structure for payments. These agreements help preserve generational wealth in small businesses by clearly defining the economics between owners and the owners' families. They also protect against bad actors, divorce, death, and incapacity--all events that can be detrimental to any small business.