How to Divorce-Proof Your Business with a Buy-Sell Agreement

There are a number of things you can do at the "entity" level of your business that could prevent your husband from keeping an ownership interest in your business. [in the event of a divorce] So begins Jeffrey Landers of Bedrock Divorce Advisors, LLC as he writes about using buy-sell agreements to "divorce-proof" your business. Unfortunately, divorce is quite common today. When any group of investors comes together, one of the most likely things that will happen in their collective futures is that…
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Estate Planning magazine reviews Buy-Sell book

My new book, Buy-Sell Agreements for Closely Held and Family Business Owners, was just reviewed in the February 2011 issue of Estate Planning (fee to subscribe). After noting that "unforeseen events must always be acknowledged in business" in reference to the many things that can happen to trigger buy-sell agreements, the review goes on to say: The author, a leading authority on business valuation issues, has fashioned a work that is at once concise, direct, practical, informative, and entertaining. Each…
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Kind Words from Professor Bainbridge

Professor Steve Bainbridge (www.professorbainbridge.com) likes the book.  Here is what he said about it on his blog: I tell my corporate law students that it's virtually legal malpractice for them to set up a closely held corporation, limited liability company, or partnership without including a buy-sell agreement in the organizing documents. Today's mail brought a copy of Buy-Sell Agreements for Closely Held and Family Business Owners, written by business valuation specialist Christopher Mercer. It's directed at business men and women,…
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New Review! From Steve Leimberg’s Business Entities Email Newsletter – #126

Steve Leimberg's Business Entities Email Newsletter - Archive Message #126 Review authored by L. Paul Hood, Jr. EXECUTIVE SUMMARY: This is a review of Buy-Sell Agreements for Closely Held and Family Business Owners: How to Know Your Agreement Will Work without Triggering It (Peabody Publishing, LP 2010) by Chris Mercer. Chris’s book is currently available from the publisher (www.buysellagreementsonline.com or 800.769.0967) and will soon be available through www.amazon.com and other book outlets. FACTS: This book, whose “cousin” was written for…
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Trust & Estates Special Report: Estate Planning & Taxation

Trust & Estates published a special report on Estate Planning & Taxation with the subtitle "Scratching Your Head Over 1020 Estate Plans?" Four leading tax attorneys were asked to respond to questions about the future of the estate tax. The attorneys were: Charles A. Redd, Sonnenschein Nath * Rosenthal LLP David A. Handler, Kirkland & Ellis David R. Hodgman, Schiff Hardin LLP Joshua S. Rubenstein, Katten Muchin Rosenman LLP The questions they were asked to address related to client receptivity…
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More Praise for Buy-Sell Agreements for Closely Held and Family Business Owners

Chris Mercer's new book, Buy-Sell Agreements for Closely Held and Family Business Owners, continues to generate rave reviews. The latest comes from James A. Koerber, CPA/ABV, CVA, CFE, CFF, of The Koerber Company, PA. Chris Mercer's book on buy-sell agreements is a grand slam. Because it uses plain language to explain complex terminology related to buy-sell agreements, attorneys and CPAs will find it to be a very helpful resource when advising their clients about buy-sell agreements, especially the pitfalls of…
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Buy-Sell Agreements Reviewed in BV Update

Chris Mercer's newest book, Buy-Sell Agreements for Closely Held and Family Business Owners, is reviewed in the September 2010 issue of the Business Valuation Update, published by Business Valuation Resources. The review, written by Dan Golish, CPA/ABV, CFA, CFF of Skoda Minotti, praises Buy-Sell Agreements as "a must-read for business owners who are serious about exit planning...it can be an invaluable tool to business advisors faced with the challenge of persuading their clients to spend the necessary time and effort…
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