Business Buy Sell Agreement simplifies succession plan instantly
Financial Considerations and Costs
Implementing a Business Buy Sell Agreement involves several financial considerations. The cost of drafting the agreement can vary depending on the complexity of the business and the specific terms outlined. Additionally, funding the agreement often involves purchasing life insurance policies, the cost of which depends on the age and health of the insured parties.
According to industry data, the average cost of drafting a Buy Sell Agreement ranges from $1,000 to $5,000, while life insurance premiums vary widely based on coverage amounts and individual risk factors1.