A successful business doesn’t just plan for growth — it also prepares for change. A Buy-Sell Agreement establishes what happens if an owner retires, passes away, or decides to leave the company. Without one, your business could face costly disputes, valuation conflicts, or even dissolution.
At Roussos Law Group, we help Florida business owners draft, review, and update Buy-Sell Agreements that protect all parties involved and ensure smooth ownership transitions.
A Buy-Sell Agreement (also known as a buyout agreement or shareholder exit agreement) is a legally binding contract that governs how ownership interests in a business are transferred when certain “triggering events” occur — such as death, disability, retirement, or voluntary withdrawal of an owner. These agreements are especially important for partnerships, LLCs, and corporations with multiple owners. They prevent internal disputes and provide a roadmap for valuing and transferring ownership interests in a fair, predictable manner. In Florida, Buy-Sell Agreements often work alongside Operating Agreements (for LLCs) or Shareholder Agreements (for corporations) to ensure compliance with the Florida Business Corporation Act (Chapter 607, F.S.) and Florida Revised LLC Act (Chapter 605, F.S.).Understanding Buy-Sell Agreements
Without a Buy-Sell Agreement, the departure or death of a business owner can create uncertainty — both financially and operationally. A properly drafted agreement ensures stability, protects remaining partners, and preserves business continuity.
A Buy-Sell Agreement helps:
Whether your business is just starting or entering its next growth phase, a Buy-Sell Agreement provides peace of mind for everyone involved.
At Roussos Law Group, we help clients navigate complex ownership transitions and prevent disputes by addressing key legal and financial considerations, including:
Our firm ensures your Buy-Sell Agreement reflects your company’s structure, long-term goals, and financial realities.
A Buy-Sell Agreement should evolve with your business. Regular reviews and updates help maintain fairness and enforceability as ownership and value change over time.
Without one, ownership transfers may default to state law or probate court, often resulting in disputes or unwanted new partners.
Ideally, at the time of business formation — but it can be added or updated at any time before an ownership change occurs.
Valuation can be based on a fixed dollar amount, a formula tied to revenue or assets, or an independent appraisal.
Yes. Many businesses use life or disability insurance to fund buyouts, ensuring liquidity for the remaining owners or heirs.
Yes. It should be reviewed annually or whenever ownership, valuation, or tax laws change.
Our experienced attorneys are ready to guide you through every step with confidence.
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Without one, ownership transfers may default to state law or probate court, often resulting in disputes or unwanted new partners.
Ideally, at the time of business formation — but it can be added or updated at any time before an ownership change occurs.
Valuation can be based on a fixed dollar amount, a formula tied to revenue or assets, or an independent appraisal.
Yes. Many businesses use life or disability insurance to fund buyouts, ensuring liquidity for the remaining owners or heirs.
Yes. It should be reviewed annually or whenever ownership, valuation, or tax laws change.
