A “buy-sell,” as it’s often called for short, is a contract set forth by the owner or owners of a business that describes how ownership changes will take place. Like a good insurance policy, one of these arrangements will help protect you and other owners in difficult times.

It’s time to get your financial statements in shape. It’s important to not just view you company’s financial statements as a historical document, but as a tool you have influence over with your actions and its presentation.