The #1 Mistake Business Owners Make (and How a Buy-Sell Agreement Saves Your Legacy)

The #1 Mistake Business Owners Make (and How a Buy-Sell Agreement Saves Your Legacy)

Watch the webinar on the Rockefeller Method now: https://shorturl.at/14eAL

What happens to your business if your partner dies, divorces, becomes disabled… or just wants out?

On today's episode, Darren and Christina break down one of the most overlooked — yet absolutely critical — tools for business owners: the Buy-Sell Agreement.

A buy-sell agreement isn't just a legal document. It's a business-saving strategy that protects your company, your partners, your family, and your legacy when the unexpected happens. Whether you're a doctor in a practice, a real estate investor with JV partners, or running a family-owned business — this is an episode you can't afford to miss.

Here's what we cover in this episode:

  • What is a Buy-Sell Agreement? (and why every business needs one)

  • The devastating risks of NOT having a plan in place

  • Real-world stories of businesses saved (or destroyed) by buy-sells

  • The importance of business valuations (and CRA compliance in Canada)

  • Key clauses every buy-sell agreement should include (shotgun clause, first right of refusal, tag-along/drag-along, and more)

  • Why funding matters — and how life insurance is the smartest, most tax-efficient tool to protect your business

  • Cross purchase vs. share redemption: how to structure agreements properly

  • Tax advantages of using insurance inside your corporation

  • Legacy and succession planning for multi-generational businesses

Darren and Christina share real client examples, common mistakes, and practical strategies that could save your company millions — and prevent your family from inheriting chaos instead of wealth.

If you're a business owner, entrepreneur, or investor, this is an essential episode for protecting everything you've worked for.

Show notes:

00:00 - Introduction

1:55 - What is a buy-sell agreement?

7:50 - Common clauses in a buy-sell agreement

15:35 - Funding a buy-sell agreement

21:00 - How does it work when you die?



BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound


JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(281)

Canada's Economy Grew. Why Don't Canadians Feel Richer? | Higher Rates, Weaker Dollar

Canada's Economy Grew. Why Don't Canadians Feel Richer? | Higher Rates, Weaker Dollar

Buy Harvest Your Wealth today: https://www.amazon.ca/Harvest-Your-Wealth-Infinite-Canadian/dp/B0HFXG34F1?source=ps-sl-shoppingads-lpcontext&ref_=fplfs&psc=1&smid=A3DWYIK6Y9EEQB   Canada's economy grew...

5 Okt 34min

Tariffs, Taxes and Rising Costs: What Can Business Owners Control?

Tariffs, Taxes and Rising Costs: What Can Business Owners Control?

Join the Harvest Your Wealth launch team: https://hub.controlandcompound.com/harvest-your-weath-book-launch-team-registration R egister for the free Corporate Tax Masterclass: https://hub.controlandc...

28 Sep 30min

6 Things Wealthy Canadians Do Differently With Their Money

6 Things Wealthy Canadians Do Differently With Their Money

Join the Harvest Your Wealth launch team: https://hub.controlandcompound.com/harvest-your-weath-book-launch-team-registration   Register for the free Corporate Tax Masterclass: https://hub.controland...

21 Sep 24min

Canada's Real Tax Burden: The Shocking Cost of Being Canadian

Canada's Real Tax Burden: The Shocking Cost of Being Canadian

Join the Harvest Your Wealth launch team: https://hub.controlandcompound.com/harvest-your-weath-book-launch-team-registration Register for the free Corporate Tax Masterclass: https://hub.controlandc...

14 Sep 32min

The Infinite Banking Strategy Explained | A Wealth Coach Roundtable

The Infinite Banking Strategy Explained | A Wealth Coach Roundtable

Join the Harvest Your Wealth launch team: https://hub.controlandcompound.com/harvest-your-weath-book-launch-team-registration   Register for the free Corporate Tax Masterclass: https://hub.controlan...

7 Sep 16min

50% Tariffs Are Here: Canada's Trade Deal Collapses, Now Canadians Pay the Price

50% Tariffs Are Here: Canada's Trade Deal Collapses, Now Canadians Pay the Price

Join the Harvest Your Wealth launch team: https://hub.controlandcompound.com/harvest-your-weath-book-launch-team-registration Register for the free Corporate Tax Masterclass: https://hub.controlandc...

31 Aug 40min

Tax the Rich? Canada's Top Earners Already Pay More Than You Think

Tax the Rich? Canada's Top Earners Already Pay More Than You Think

Do high-income Canadians actually pay their fair share of taxes? It is one of the most emotionally charged arguments in Canadian politics. But before Canadians decide who should pay more, we need to u...

24 Aug 18min

McDonald's Was Never Really a Burger Business

McDonald's Was Never Really a Burger Business

Ray Kroc didn't invent McDonald's. He recognized that one successful restaurant could become something much bigger.   At 52 years old, Kroc took the McDonald brothers' efficient restaurant model and t...

17 Aug 19min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
rss-skravla-gar
pengepodden-2
rss-pa-konto
livet-pa-veien-med-jan-erik-larssen
rss-orjasater
tid-er-penger-en-podcast-med-peter-warren
utbytte
finansredaksjonen
lederpodden
morgenkaffen-med-finansavisen
liberal-halvtime
rss-impressions-2
rss-markedspuls-2
pengesnakk
okonomiamatorene