If you are opening or joining a business, congratulations! Believe it or not, it is now, at the start, that you should also be thinking about the possible end of the business arrangement.

Many business owners rarely think about the day when their business arrangement may change or even end; however, the fact remains that in every multiple-owner business, buy-sell agreements (also called buyout agreements) are extremely important documents to consider. Unfortunately, they are often overlooked in a business plan.

Buy-sell agreements can be one of the hardest documents to draft, which explains why so many are incomplete. So, where do you begin? Author L. Paul Hood Jr. is an expert on just such documents, and in this book, he guides readers through the process to create an agreement that will cover all the details.

L. Paul Hood, Jr. is a frequent speaker and commentator on estate planning issues. He is widely quoted and his articles have been published in a number of journals, including CCH Journal of Practical Estate Planning, Estate Planning, Digest of Federal Tax Articles, Louisiana Bar Journal, and Tax Ideas. In addition to serving on the Louisiana Board of Tax Appeals, he was a sponsored speaker for distinguished law schools such as Duke, Georgetown, NYU, LSU, Tulane, and Loyola. He is also the author of the upcoming book Estate Planning for the Blended Family, also published by Self-Counsel Press.

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