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BUY-SELL AGREEMENTS in California

Serving clients throughout the Conejo Valley Area

Buy-sell agreements or buyout agreements, are agreements between co-owners of a business. These agreements are applicable when one of the owners dies, becomes disabled or departs the business.

The agreements are usually between partners of a partnership, shareholders of a corporation or members of a limited liability company. They are typically used in smaller closely held businesses.

The inclusion of buy-sell agreement as part of estate planning for a business owner is important. As the business often is the most valuable asset a person owns, it is important to make accommodations for the funding of a buy-out of the deceased owner’s interest by the remaining business owners. This is usually accomplished by life insurance or other funding methods.

A buy-sell agreement is a complex business contract requiring an experienced business or estate planning attorney. The failure to obtain a buy-sell agreement or a poorly drafted one can cause huge problems upon the death of one of the business owners or a break up of the business owners.

Client Success Stories

Kent was very helpful in understanding the employee and employer relationship. He is highly thoughtful and considerate with the needs of his client. I appreciate the level of discussion we had. It helped me to be more clear on what can be done under the California law regarding my employees and business relationships.

Super knowledgeable, friendly and available to answer questions. He is our company's attorney and has always been excellent. Two thumbs up, I would give him three if I had an extra set of digits.

We just had our estate plan done with attorney Kent W. Keating. My husband and I had put it off for many years, it was always one of those things on our list of things to do. After learning about what can happen if we didn't have our estate plan or Wills, we decided to finally get it done. I contacted Mr. Keating and he walked us through the process. He explained every step to us and in a way that was easy to understand. Having our Wills and advanced directives now has given us so much peace of mind. I highly recommend everyone have their estate plan done and I highly recommend the Law Offices of Kent W. Keating!

We are extremely pleased with the level of professionalism and expertise Kent Keating has brought to All Pro Construction in incorporating our business and preparing our construction contracts. We would gladly recommend him and his law firm to any business or individual in need of legal advice.

What impresses me most about Kent Keating is that he listens, is honest with his replies and advises on what’s best for YOU. I’ve known Kent Keating for about 7 years and appreciate his professionalism, consistency and down-to-earth approach. He’s become a trusted friend.

Micki and I commissioned Kent Keating to do our Trust , as well as draft the Agreement we have with the contract locksmiths who work with our company. He has provided us with peace of mind, knowing that our personal and business affairs are protected. He is expert in his field and was patient with the questions we had and changes we made. He was very pleasant to work with, yet efficient and thorough. We highly recommend Kent for any personal , or business legal issues/questions you may have.

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199 W. Hillcrest Drive
Thousand Oaks, CA 91360

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