This year alone, Mercer Capital has written and published three books. The latest is Buy-Sell Agreements for Closely Held and Family Business Owners.
This book, written by Chris Mercer, is a follow-on to the 2007 book, Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?. The newest book is written directly to and for business owners. It is very conversational in tone which makes it an easy read. However, don't let the tone fool you – the book is full of valuable information that no business owner (or advisor to business owners) should overlook.
From the book:
Buy-sell agreements are not merely legal documents to be signed and forgotten. How they operate when triggered can have huge consequences for a business owner, his or her family, and the business. Are you sure that you know what will happen when your agreement is triggered? If not, this book is for you. It provides critical information and insight you won't find anywhere else – information that can save you and/or your heirs money, as well as possibly control of your business.
This is the business owner's self-defense manual. Reading it could be the most cost-effective hour or two you've ever invested. Don't dare sign a buy-sell agreement until you've read and pondered the questions posed in this book. Your life('s work) may depend on it!
In direct and non-technical terms, Mercer thoughtfully explores the pros and cons of competing approaches, unflinchingly expressing his specific recommendations. Anyone who owns or advises a privately owned business needs to read this book.
For more information about the book and the topic of buy-sell agreements, we have created a dedicated website at www.buysellagreementsonline.com. Check it out and let me know what you think.