Business Succession Planning is written for all advisors, including lawyers. The Forms portion of the book is especially helpful to lawyers, but all advisors need to be familiar with common forms used with succession planning for business entities.
The forms section contains a sample shareholder agreement. This document contains owner agreements about triggers for buying and selling as well as management agreements. A similar document to be used by limited liability companies is the limited liability company operating agreement. Similarly included in the forms section is a limited partnership agreement. Other agreements of more specific application are a form annuity agreement for use in a business transfer and a qualified subchapter S trust, used with ownership of S corporations by trust entities.
