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BEGIN:VEVENT
DTSTART:20260428T143000Z
DTEND:20260428T153000Z
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SUMMARY:Protecting Your Business Partnership: Buy-Sell Agreements
DESCRIPTION:If you are in business with other people\, the reality is that at some point\, you will not be. As with any personal or professional partnership\, communication is key. By working together to create a buy-sell agreement   before someone leaves the business   you can create a strong foundation for your partnership and ensure that you are starting on the same page.\n\nAlready in business but haven't looked at your agreement in a while? Whether you are starting a new business or revisiting the agreement you already have in place\, there is no time like the present to ensure that it still reflects your intent.\n\nWho should attend:\n\n\n	New business partners who want to learn more about creating a buy/sell agreement and what your agreement should include\n	Existing businesses owners who are considering bringing in a new partner\n	Business owners seeking options for relieving the pressure on a business that is too dependent on the owner\n\n\nClass Description\n\nBuy-sell agreements are drafted by attorneys who incorporate important legal provisions.  Yet without your guidance\, these agreements make assumptions about the terms of the valuation process.\n\n\n	How will the business be valued?\n	How much does each partner receive?\n	Do the circumstances   death\, disability\, quitting the business\, retiring\, termination   impact the answers to these questions?\n\n\nBy considering all of these areas before a a triggering event occurs\, you can ensure that partnership transitions remain as smooth as possible   and it is much easier to make these determinations before you know which partner will "pull the trigger."\n\nIn this session\, we will cover why phrases like "Fair Market Value" and "Book Value" are not sufficient direction to a business appraiser\, and why formulas don't work. We will also share a matrix developed by Capital Valuation Group for determining the intent of the owners under all triggering events. By documenting your intent when you aren't in crisis allows you and your business partner(s) to clarify your intent and avoid frustration\, arguments\, and potential litigation.
X-ALT-DESC;FMTTYPE=text/html:<p><span style="font-family:arial\;">If you are in business with other people\, the reality is that at some point\, you will not be. As with any personal or professional partnership\, communication is key. By working together to create a buy-sell agreement &ndash\;&nbsp\;<em>before&nbsp\;</em>someone leaves the business &ndash\; you can create a strong foundation for your partnership and ensure that you are starting on the same page.</span></p>\n\n<p><span style="font-family:arial\;">Already in business but haven&rsquo\;t looked at your agreement in a while?&nbsp\;Whether you are starting a new business or revisiting the agreement you already have in place\, there is no time like the present to ensure that it still reflects your intent.</span></p>\n\n<h4><span style="font-family:arial\;">Who should attend:</span></h4>\n\n<ul>\n	<li><span style="font-family:arial\;">New business partners who want to learn more about creating a buy/sell agreement and what your agreement should include</span></li>\n	<li><span style="font-family:arial\;">Existing businesses owners who are considering bringing in a new partner</span></li>\n	<li><span style="font-family:arial\;">Business owners seeking options for relieving the pressure on a business that is too dependent on the owner</span></li>\n</ul>\n\n<h2><span style="font-family:arial\;"><strong><span style="font-size:14px\;">Class Description</span></strong></span></h2>\n\n<p><span style="font-family:arial\;">Buy-sell agreements are drafted by attorneys who incorporate important legal provisions.&nbsp\; Yet without your guidance\, these agreements make assumptions about the terms of the valuation process.</span></p>\n\n<ul>\n	<li><span style="font-family:arial\;">How will the business be valued?</span></li>\n	<li><span style="font-family:arial\;">How much does each partner receive?</span></li>\n	<li><span style="font-family:arial\;">Do the circumstances &ndash\; death\, disability\, quitting the business\, retiring\, termination &ndash\; impact the answers to these questions?</span></li>\n</ul>\n\n<p><span style="font-family:arial\;">By considering all of these areas before a a triggering event occurs\, you can ensure that partnership transitions remain as smooth as possible &ndash\; and it is much easier to make these determinations before you know which partner will &ldquo\;pull the trigger.&rdquo\;</span></p>\n\n<p><span style="font-family:arial\;">In this session\, we will cover why phrases like &ldquo\;Fair Market Value&rdquo\; and &ldquo\;Book Value&rdquo\; are not sufficient direction to a business appraiser\, and why formulas don&rsquo\;t work. We will also share a matrix developed by Capital Valuation Group for determining the intent of the owners under all triggering events. By documenting your intent when you aren&rsquo\;t in crisis allows you and your business partner(s) to clarify your intent and avoid&nbsp\;frustration\, arguments\, and potential litigation.</span></p>\n
LOCATION:Online
UID:e.1220.25496
SEQUENCE:3
DTSTAMP:20260731T071615Z
URL:https://stage.greatermadisonchamber.com/events/details/protecting-your-business-partnership-buy-sell-agreements-25496
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