Buy Sell AgreementAttorneys Serving Akron and Northeast Ohio
Serving Akron, Canton, Summit County, Portage and Medina, Ohio.
When ownership changes are inevitable due to retirement, death, disability, or dispute, a well-drafted Buy Sell Agreement makes the transition clear and enforceable. Without one, your business may face confusion, valuation disagreements, or even litigation.
At Hoover Kacyon, LLC,we help business owners prepare for the future by creating Buy Sell Agreements that protect value, relationships, and long-term stability. Whether you're forming a new business, planning for succession, or dealing with a current shift in ownership, we draft clear and legally binding agreements that work in practice, not just on paper.
Why BuySell Agreements Matter
A Buy-Sell Agreement is essential because it provides clarity and structure during times of transition or uncertainty in a business. When an owner retires, passes away, becomes disabled, divorces, files for bankruptcy, chooses to leave voluntarily, or becomes part of a leadership conflict, the agreement ensures there’s a predetermined plan for what happens next. It specifies who can purchase the departing owner’s shares, how those shares will be valued, and how the transaction will be funded. Without this agreement in place, unexpected departures can lead to confusion, conflict, and costly disruptions that jeopardize the stability and future of the business.
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What WeCan Do for You
We help you craft a Buy Sell Agreement that supports your goals, protects ownership interests, and reduces the risk of conflict during transitions like retirement, exit, or internal change. Our focus is on clarity, fairness, and long-term protection so your business can remain stable and your intentions are clearly honored.
Draft New Buy Sell Agreements
We work with business owners and their financial teams to create a tailored agreement that fits your structure, goals, and contingencies. We ensure all triggering events, valuation methods, and funding options are addressed.
Review and Revise Existing Agreements
We review older or generic Buy Sell Agreements and update the terms to reflect current ownership, valuation needs, and state law. We make sure the document is ready for real-world use.
Coordinate with Operating Agreements and Bylaws
We align your Buy Sell Agreement with your company’s operating documents, ensuring consistency between your LLC Agreement, shareholder agreement, or partnership terms.
Prepare Supporting Legal and Transfer Documents
We draft related filings, notices, and purchase agreements triggered by the Buy Sell Agreement. Our goal is to make every step enforceable and efficient.
Counsel During Ownership Transition or Dispute
When an ownership event occurs, we help interpret the agreement, guide the transfer process, and resolve conflicts over price, timing, or rights.
When tocall a Buy Sell Agreement Attorney
If your business has more than one owner and no written exit plan, now is the time to create one. If you already have a Buy Sell Agreement but haven’t reviewed it in years or since a major event, it’s time to revisit.Early planning protects your business from uncertainty, legal conflict, and unwanted ownership shifts.
