If you're like many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner:

*wants out of the business?
*wants to retire?
*goes through personal bankruptcy?
*wants to sell his shares to someone else?
*goes through a divorce?
*passes away?

To make sure there's a smooth transition following someone's departure, it's essential that you create a sort of ''premarital agreement'' for your business with a buy-sell agreement. This legal document clarifies when co-owners can sell their interest, the circumstances when someone must sell, who can buy into the business and what price will be paid.

Buy-Sell Agreement Handbook walks you through creating your own buy-sell agreement, which is included on CD-ROM and as a tear-out. It provides all the tax and legal information you need at every step.

The 2nd edition, completely revised and updated, covers the latest estate-tax changes and how your agreement can affect your estate taxes.