A Special Note to Value Matters™ Subscribers
It is finally here: Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?
Readers of this newsletter know that we have been talking about buy-sell agreements in a variety of ways for many months. You have also seen several promises that our new book, Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions? would be available soon. The wait is over.
The book is finished and we will be shipping books by year-end - yes, that's year-end 2006!
THIS BOOK IS COULD BE THE MOST IMPORTANT BUSINESS BOOK YOU READ IN 2007
You might be asking yourself: "Why the hype? Mercer Capital has published books before.
What's the big deal about this one?"
The answer is simple. Buy-sell agreements are pervasive in American business. If a business has multiple owners, there is a need for a contractual way to assure orderly transfers of ownership interests. The problem is that many, if not most, buy-sell agreements will likely not provide the results the parties intended when they are ultimately triggered.
At 350+ pages, Buy-Sell Agreements addresses the title topic from a business and valuation perspective. The goal of the book is to provide a roadmap for business owners and their advisers to develop good buy-sell agreements. Once the business agreements are settled, they can be documented into appropriate legal documents. Buy-Sell Agreements is also an aid to corporate attorneys who must draft these agreements.
I could tell you lots more about the book. However, to keep this introduction reasonably short, let's touch on two topics:
- Two Complimentary Chapters Offered. Chapter 12, which addresses "Multiple Appraiser Process Buy-Sell Agreements," is reprinted in this newsletter. To read an additional chapter (Chapter 11 - "Process Buy-Sell Agreements") visit www.mercercapital.com and download the chapter. While you are on the website, you can also purchase your copy of the book.
- This Book Will Be Good for Your Business. A knowledge and understanding of buy-sell agreements from business and valuation perspectives will prove helpful to your clients, which, in turn, will be helpful to your business, whether you are an appraiser, an accountant, an attorney, or another kind of adviser.
To make the point clear about being good for business, let me describe a few engagements - all regarding buy-sell agreements. We have obviously been writing and speaking about the topic - and have been discussing the topic with our clients and referral sources.