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The article discusses the business benefits of adopting the limited liability company (LLC) buy-sell approach. It states that LLC buy-sell has been defined as a type of business succession planning that provides more emphasis on the advantages of standard buy-sell agreements. The two types of ...
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Buy-sell agreements might also be used by alimited liability company (LLC), conventional corporation, orsole proprietorship, in which case it would designate an employee as a purchaser of the business or business successor. When a sole proprietor dies, akey employeemay be designated as the buyer...