To Properly Handle the Orderly Transfer of Business Ownership at Death

question 8

Multiple Choice

To properly handle the orderly transfer of business ownership at death, it is necessary to have:

• A) an unfunded buy-and-sell agreement
• B) a life insurance contract to fund the purchase and a buy-and-sell agreement
• C) a verbal understanding of the valuation method
• D) a verbal commitment of the heirs to sell the business

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