While you’re in the midst of planning, growing or expanding your business, it’s important to develop and execute a buy-sell agreement between all business owners. A buy-sell agreement can provide structure for an unexpected event such as a death or disability, and provide a road map for expected events such as a shareholder retirement buy-out. Setting up a buy-sell agreement in the early stages of your business planning can help you handle the unexpected and expected events more swiftly in the future - and with a lot less stress.
President Joe Biden signed the budget reconciliation bill H.R. 5376 into law Tuesday, August 16, 2022. Better known as the Inflation Reduction Act, the bill includes a number of tax provisions that may affect your business.