Do you sell the life insurance?

No. I don’t sell insurance and I don’t get paid by an insurance company. I coordinate with the agent you choose so the policy and the agreement describe the same buyout.

What if my partner won’t sign?

Then we don’t have an agreement. I draft for people who will sign. If you’re already in a dispute, that is litigation, and I refer it out.

Can this cover Utah, Arizona, and Texas owners?

Yes. I’m licensed in all three. A company with owners or operations in more than one of those states should not assume one state’s default rules cover the others.

A flat fee quoted after the consult. You’ll know it before drafting starts. I don’t quote a number on this page.

Buy-Sell Agreements for Utah Business Owners

Three pieces, or it isn’t a plan

A trigger says when someone has to sell, or when the others have to buy. Death. Disability. Divorce. A decision to leave. Sometimes a deadlock.

A price says what the interest is worth on that day. A number, a formula, or an appraiser with a deadline. “We’ll figure it out” is not a price.

Money says who pays, and where the cash comes from. A buy-sell that nobody can fund is a polite argument waiting for a funeral.

What I draft

The agreement itself, written to match the operating agreement. If those two tell different stories, the one you like less will be the one someone waves around.

Cross-purchase or company redemption. Those are the two usual shapes. In one, the other owners buy. In the other, the company buys. Insurance, taxes, and control land in different places. Your CPA should see the choice. I write the legal side.

I don’t sell life insurance, and I don’t take a commission. If a policy is how you fund the price, your insurance agent places it. I read the agreement so the policy owner and the beneficiary match the person who has to pay.

This is one piece of succession, not the whole plan

A buy-sell answers a hard day. It does not, by itself, decide who runs the company, what your kids inherit, or whether the trust is allowed to hold the interest.

If you want that larger picture, start with business succession. I keep the buy-sell on its own page because a lot of owners need this document and not a full rewrite of the estate plan.

How the fee works

No published price. After a thirty-minute consult I quote a flat fee for the agreement I can see. Two owners with a simple trigger is a different file than four owners and a family trust.

You get the number before I draft. I don’t bill hourly. The only published business price on this site is LLC formation, and it lives on the pricing page.

What usually goes wrong

A certificate of insurance in the drawer, and no agreement that says the proceeds have to be used to buy the interest.

A price set in 2014 that nobody updated.

An agreement the operating agreement prohibits. If the company documents don’t allow the transfer, the buy-sell can’t pretend they do.

Book a business consult Or use the scheduler Contact Business law

Prefer to call? (801) 872-9889

Jon Miller Law, PLLC1010 North 500 East, Suite 200North Salt Lake, UT 84054(801) 872-9889

Questions people ask

No. The operating agreement is the rulebook. The buy-sell is the exit. Some companies put the exit inside the operating agreement. Some use a separate contract. Either way, they have to match.

This is general education, not legal advice for your situation.

Buy-sell agreements for Utah business owners

Three pieces, or it isn’t a plan

What I draft

This is one piece of succession, not the whole plan

How the fee works

What usually goes wrong

Keep going

A few pieces worth reading first.

If your partner dies, who owns their half?

Is the structure still working?

The trust and the membership interest

Questions people ask

Let’s see which of the three pieces you’re missing.