Businesses operate in myriad of structures and forms and rarely do they remain simple family operated concerns. ÂÂ In situations when a business is operated by several parties it is sound practice to ensure a succession plan exists in case one or more of the business parties cease to be involved via the use of buy/sell agreements.
This Paper discusses the tax effects of Buy/Sell Agreements under the following headings:-
- Buy/Sell Agreements
- Succession Issues
- Structure Of Buy/Sell Agreements
- Documentation
- Taxation Issues
- Issues Unable To Be Dealt With
- Conclusion
- Professional Advice
