Understanding buy-sell agreements.

A buy-sell agreement is a contract among business owners that governs the transfer of interests in the business among the parties to the contract upon the death or withdrawal of an owner.

A properly structured buy-sell agreement can also mean the remaining owners might allow your heirs to:

  • Be free of business operating worries
  • Avoid some of the delays associated with probate
  • Be relieved of successor management issues (which could devalue the business)

 Generally, surviving owners might:

  • Not have to deal with new (and possibly unwanted) partners
  • Know the predetermined purchase price of the business
  • Remain in good standing with clients and creditors through a smooth transition of ownership
  • Receive significant capital gains tax reductions through properly designed and life-insurance-funded buy-sell agreements
  • Be able to eliminate significant amounts of corporate debt

For more information, call 800.713.0336.​​​​​​​​​​​



Insurance products are offered through the issuing insurance company, not through Comerica Bank or any of its affiliates or subsidiaries.   Insurance products are not insured by the FDIC or any government agency; are not deposits or other obligations of, or guaranteed by, Comerica Bank or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested.  Insurance products are solely the obligation of the issuing insurance company; are not guaranteed by any person soliciting the purchase of or selling the policies; may lose value; and Comerica is not obligated to provide benefits under the insurance contract.  Not all products available in all states.​

Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation.​