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...Buy sell basics an overview of the fundamentals agreements by edward l perkins ba jd llm tax cpa suite w sixth street media pennsylvania www gibperk com gibson pc all rights reserved unit one introduction i a agreement is contractual among owners business e shareholders corporation partners partnership or members limited liability company which restricts right to transfer ownership interests and establishes certain purchase sale obligations upon occurrence events will generally provide that triggering such as death owner remaining either have option obligation interest affected ii uses may serve achieve more following objectives restriction restricting except provided within terms can insure control restrict who part group provides liquidity if in event funded with life insurance be used convert deceased s equity into cash fixes value fixing price applies under estate fixed iii issues addressed should address form formed ways cross redemption hybrid no matter what are same discussed se...