Buy-sell agreements are universally used in business. Whether to use or
ignore the agreement is for the couple to determine. We are finding
increasing use of "non-equity" partners or principals in business.
Meaning the spouse may participate in management and profits, but has no
capital account and will/would be paid nothing on departure from the
business. In that context, the spouse is really only an employee and the
non-equity arrangement should be honored. I submit trying to evade or
manipulate around a bona fide buy-sell in the collaborative setting is
generally a wasted effort. There are smarter approaches to settlement.
Harry L Tindall
Tindall & Foster PC
1300 Post Oak Blvd Ste 1550
Houston TX 77056-3081
Direct 713 622 8733 x21
____________________
www.tindallfoster.com
[Non-text portions of this message have been removed]
