: The business itself buys back the shares and retires them. This is simpler for businesses with many partners since only one insurance policy per owner is needed.
: The mechanism used to pay for the buyout, most commonly life insurance . 🏗️ Types of Agreements what is a buy sell agreement
: Remaining owners personally buy the departing owner's shares. This is ideal for businesses with 2–3 partners as it offers a "step-up" in tax basis. : The business itself buys back the shares and retires them
: Offers flexibility by allowing the business the first option to buy, followed by the remaining owners. followed by the remaining owners.