Business Owner Bootcamp Episode 12: Buy-Sell Agreements - The Plan Your Business Can’t Skip
In this episode of Wealthspire’s Business Owner Bootcamp, Michael Delgass [https://www.wealthspire.com/our-team/michael-delgass-j-d/] is joined by Ben Kronish [https://www.linkedin.com/in/ben-kronish/], of Financial Architects Partners [https://www.fiarch.com/] for a practical conversation on buy-sell agreements, why closely held businesses need them, and what can go wrong when there’s no plan (or no funding) in place. They unpack the real-world fallout of “figure it out later,” including disrupted operations, cash-flow strain, and the risk of ending up with unintended partners or disputes.
They also cover the essentials of how buy-sells work: key triggering events (death, disability, retirement, divorce), cross-purchase vs. redemption structures, and how insurance is commonly used to fund the agreement. Tune in to hear more of their conversation.
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