Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions? by Z. Christopher Mercer, ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Peabody Publishing LP, 2007, 324 pp. Predicting the future is practically impossible. For businesses, that uncertainty makes planning crucial. Z. Christopher Mercer offers a granular look at one method of applying present tense pres·ent tense n. The verb tense expressing action in the present time, as in She writes; she is writing. Noun 1. present tense - a verb tense that expresses actions or states at the time of speaking present solutions to future decisions and transitions. Mercer examines the world of buy-sell agreements, which establish a mechanism for the purchase of equity interests following the death of one of the owners of an entity or some other major or adverse change in a business environment. Mercer writes from the perspective of a businessman and business appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market . He is the founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Mercer Capital, a business valuation and investment banking firm based in Memphis, Tenn. He advises readers not to expect a how-to guide to drafting buy-sell agreements. But readers will find plenty of detail on the finer points of the appropriate use of valuation expertise when weighing such agreements from both business and valuation perspectives. The book's intended audience includes CPAs, attorneys, business owners, CFOs, fiduciaries of business owners, insurance professionals and corporate directors. Mercer rounds out the book with a chapter showcasing war stories and potential pitfalls. He also shares his firm's checklist for a forward-looking buy-sell audit. |
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