The #1 Mistake Business Owners Make (and How a Buy-Sell Agreement Saves Your Legacy)

Watch the webinar on the Rockefeller Method now: https://shorturl.at/14eAL   What happens to your business if your partner dies, divorces, becomes disabled… or just wants out?   On today's episode, Darren and Christina break down one of the most overlooked — yet absolutely critical — tools for business owners: the Buy-Sell Agreement.   A buy-sell agreement isn't just a legal document. It's a business-saving strategy that protects your company, your partners, your family, and your legacy when the unexpected happens. Whether you're a doctor in a practice, a real estate investor with JV partners, or running a family-owned business — this is an episode you can't afford to miss.   Here's what we cover in this episode: What is a Buy-Sell Agreement? (and why every business needs one) The devastating risks of NOT having a plan in place Real-world stories of businesses saved (or destroyed) by buy-sells The importance of business valuations (and CRA compliance in Canada) Key clauses every buy-sell agreement should include (shotgun clause, first right of refusal, tag-along/drag-along, and more) Why funding matters — and how life insurance is the smartest, most tax-efficient tool to protect your business Cross purchase vs. share redemption: how to structure agreements properly Tax advantages of using insurance inside your corporation Legacy and succession planning for multi-generational businesses Darren and Christina share real client examples, common mistakes, and practical strategies that could save your company millions — and prevent your family from inheriting chaos instead of wealth. If you're a business owner, entrepreneur, or investor, this is an essential episode for protecting everything you've worked for.   Show notes:   00:00 - Introduction   1:55 - What is a buy-sell agreement?   7:50 - Common clauses in a buy-sell agreement   15:35 - Funding a buy-sell agreement   21:00 - How does it work when you die? BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us   FIND US ON:   INSTAGRAM: https://www.instagram.com/controlandcompound/   TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en   FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound