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CPAs for Buy-Sell Arrangements in Bucks County, Montgomery County, & Philadelphia

When it comes to arranging a buy-sell agreement, you need an accounting firm that has the experience and expertise to get the job done right. That’s where SD Associates, P.C. comes in. Our CPAs for buy-sell arrangements in Bucks County, Montgomery County, Philadelphia have been assisting our clients for over 35 years, and we look forward to helping your business succeed. Get in touch with our office today to learn more about our financial services or to schedule a consultation with one of our tax experts to discuss your buy-sell arrangement.

Types of Buy-Sell Arrangements

When it comes to structuring a buy-sell agreement, there are a few different options to choose from. The type of arrangement that is right for your business will depend on a number of factors, including the size of your company, the industry you’re in, and your overall goals for the future. Here are a few of the most common types of buy-sell arrangements:

Cross-Purchase Agreement: In a cross-purchase agreement, each co-owner of the business buys insurance policies on the other owners. If one of the owners dies, the surviving owners can use the proceeds from the policy to buy out the deceased owner’s share of the business.

Entity Purchase Agreement: In an entity purchase agreement, the business itself buys life insurance policies on each of the owners. If one of the owners dies, the business can use the proceeds from the policy to buy out the deceased owner’s share.

Redemption Agreement: A redemption agreement is similar to an entity purchase agreement, but instead of using insurance proceeds to buy out the deceased owner’s share, the business sets aside money in a trust to be used for that purpose.

When a Buy-Sell Arrangement is Needed

There are a few different situations when a buy-sell arrangement can be beneficial for your business. If you have multiple owners, a buy-sell agreement can help ensure that the business will continue to run smoothly if one of the owners dies or becomes incapacitated. A buy-sell agreement can also help prevent disagreements between the owners about what should happen to the business if one of them wants to sell their share.

Creating a buy-sell arrangement can also be a good idea if you’re looking to transition your business to the next generation. By setting up an agreement ahead of time, you can ensure that the business will be passed down according to your wishes and avoid any conflict between family members.

SD Associates, P.C. can assist you and your attorney in creating a buy-sell agreement that meets your specific needs and goals. Contact our office today to schedule a consultation with one of our experienced CPAs. We serve clients in Bucks County, Montgomery County, Philadelphia, and the surrounding areas.

Buy-Sell Arrangement FAQs

What is a buy-sell arrangement?

A buy-sell arrangement is an agreement between co-owners of a business that outlines what will happen if one of the owners dies or leaves the business. The agreement typically includes provisions for the sale of the owner’s share of the business to the remaining owners, or to a third party.

Why do I need a buy-sell arrangement?

A buy-sell arrangement is an important part of any business, but it can be especially important for businesses with multiple owners. Without a buy-sell agreement in place, the death of one of the owners could result in the business being forced to close its doors.

How do I create a buy-sell arrangement?

Creating a buy-sell arrangement is not something you can do on your own. You’ll need to work with an attorney and an experienced CPA to draft the agreement and make sure it meets all the legal requirements. Our team at SD Associates, P.C. can help you navigate the process of creating your buy-sell arrangement.

What happens if I don’t have a buy-sell arrangement?

If you don’t have a buy-sell arrangement in place and one of the owners dies or leaves the business, the remaining owners will have to decide what to do with the business. This can often lead to disagreements and even legal battles between the owners. It’s recommended that you create a buy-sell arrangement to avoid potential professional conflicts.

Why SD Associates, P.C.

Unparalleled service: There’s a reason SD Associates, P.C. is the best kept secret in the tri-state area.  We pride ourselves on providing our clients with the highest level of service possible. When you work with us, you’ll be assigned a dedicated account manager who will get to know your business and your specific needs. Our full-service accounting firm is large enough to offer the services your business requires to succeed, but small enough for our CPAs for tax services in Bucks County, Montgomery County, Philadelphia and surrounding areas to offer personalized service.

High professional standards: We adhere to all of the American Institute of Certified Public Accountants (AICPA) auditing standards, guidelines, rules and regulations. Our quality control system has been reviewed by the Pennsylvania Institute of Certified Public Accountants and has received the highest possible rankings. 

Wide client base:  Our client base consists of a wide variety of businesses, including closely held family businesses, non-profit organizations, and both large and small private companies. No matter what type of business you have, we have the experience and expertise to serve you.

Accessibility: We strive to make ourselves accessible to our clients when they need us most. Our team promptly responds to all emails, and we are always available for a phone call if you need advice or have a question. We always stay in touch with you to ensure that everyone is on the same page. 

Buy-Sell Arrangement Service Areas

SD Associates, P.C. offers buy-sell arrangement services for businesses of all sizes in the tri-state area. Our service areas include, but are not limited to: 

• Philadelphia, PA
• Bucks County, PA
• Montgomery County, PA
• Chester County, PA
• Lehigh County, PA
• North Jersey
• South Jersey
• Maryland
• Delaware

Call Our CPAs for Buy-Sell Arrangements in Bucks County, Montgomery County, & Philadelphia 

If you’re looking for experienced CPAs for buy-sell arrangements in Bucks County, Montgomery County, Philadelphia and surrounding areas, look no further than SD Associates, P.C. Our team has the knowledge and experience to help you navigate the process of creating your buy-sell agreement. With six shareholders and associates, you can rest assured that your buy-sell arrangement is in good hands. Contact us today to schedule your consultation.