Many MSPs have a key employee, i.e. lead technology engineer, that is willing to work for the owner but is not so willing to work for the owner's spouse. A one-sided buy - sell agreement allows for the owner to give the key employee rights to purchase the business should the owner pass away, become disabled or other triggering events. The agreement can be structured so as to allow the owner to freely sell to others and have the agreement only effective when a triggering event occurs. What a great gift the owner has provided to his surviving family members - predictability in the sale of the MSP, to the employee and to the business.
The 6-Factor Shakeup: Understanding the New FLSA Worker Classification Rules
Breaking Down the Corporate Transparency Act
Click, Scroll, Agree: Navigating the Fine Print of Online Contracts
Tax Planning Strategies for MSPs - Part 4: Shifting Income and Tax Credits
Tax Planning Strategies for MSPs - Part 3: Maximizing Deductions to Benefit MSP Owners
Tax Planning Strategies for MSPs - Part 2: Isn’t That What My CPA Does?
Tax Planning Strategies for MSPs - Part 1: Introduction
Cyber Insurance Coverage: What exactly is it, and why do I need it?
What is Indemnification?
MSPs and Copyright Law: Protect Your Intellectual Property
MSPs and the Inevitable Shift to NCE
The MSA as a Presale Document
ESOP: Employee Stock Ownership Plan
MSPs Planning on Selling - here are some gotchas to watch for
Why have a Master Services Agreement with your MSP customer?
Next PPP change - makes forgiveness a lot easier.
Post-Covid Mergers and Acquisitions for Managed Service Providers
MSPs and Payroll Protection Program Loan Forgiveness
PPP for MSPs - should I take it or return it
Force Majeure Clause, Impossibility, Impracticability, Frustration of Purpose for MSPs
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