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Shareholders' and Partners' Agreements 13 Nov 2013

If you’re in business with other people, including friends and relatives, you should have an agreement to cover what will happen if someone wants to get out.

If you’re confident you could handle that amicably, consider what happens if a partner dies. 

Are you equally confident you could handle the situation with that person’s spouse?

Often people take out life insurance to provide a sum of money to buy out the other person in the event of death.

 

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