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Miss the January 2017 issue of BWS Update? Here’s your chance to catch up on the latest news! In this issue: 2017 Estate Planning Guide; Ryan McNeill to speak at seminar on estate and nursing home planning, and how you can help support students at DCCC.
In the December 2016 edition of BWS Update: Attorney Bradley Hunt discusses buy-sell agreements and when you need one for your business; BWS thanks everyone who contributed to our annual food drive to benefit Pastor’s Pantry of Davidson County and the Greensboro Urban Ministry food bank; We are proud supporters again this year of the Empty Stocking Fund; and holiday wishes from our family to yours.
How often do you think about starting your own business? When you consider starting a business, is your first thought that you’re not ready or it’s not the right time? So how do you know when it is time to start that business and become an entrepreneur? Here are some clues you might be ready to be your own boss:
If you share ownership of a business, you need a buy-sell agreement. Buy-sell agreements are not written when you are buying or selling a company; rather, they outline the rules under which an owner may sell (or be forced to sell) his or her share of the business. They also cover the disposition of this share of the business if the partner is divorcing, files bankruptcy, retires, becomes incapacitated, dies, or fails to meet an obligation to the business. Any of these triggering events may activate the terms of the buy-sell agreement. These agreements can be especially important in family owned businesses as protection for all parties involved.
In the November 2016 edition of BWS Update: 3 Top Estate Disputes, Ryan McNeill to speak at two area events, and help us combat senior hunger.
Lexington, NC – Brinkley Walser Stoner is holding its annual food drive to target hunger among area seniors. The firm will collect nonperishable holiday food items and financial donations at its Lexington offices now through the end of November. All donations will be given to Pastor’s Pantry.