: Remaining owners personally buy the departing owner's shares. This is ideal for businesses with 2–3 partners as it offers a "step-up" in tax basis.
: The mechanism used to pay for the buyout, most commonly life insurance . 🏗️ Types of Agreements what is a buy sell agreement
: Used for sole proprietors to sell the business to a key employee or handpicked successor. : Remaining owners personally buy the departing owner's