Legal Question in Business Law in New Mexico
Buy Sell agreement
My employer want to offer me 20% of his small company and wants me to sign a buy sell agreement. Are there any reasons I would not want to do this?
Asked on 6/09/09, 7:07 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Buy Sell agreement
It depends upon the present debt and future prospects. When you buy into a business you buy the debt as well as the assets. If the debt is significant, the question is how will it be paid and how will I make money, too.
Answered on 6/10/09, 2:09 pm
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