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Business Protection

The day you and your business partner launch your company--or some time soon after--you'll need a buy-sell agreement. These agreements are not about buying and selling companies. Instead, they are binding contracts between co-owners that spell out when one person can sell his or her interest in the business and at what price. If you're an owner or part-owner, your interest in the company might be your most valuable asset. Planning for that asset is vital; otherwise, you increase its financial risk.

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