How a Business Hired a Lawyer to Draft a Buy Sell Agreement in Arizona

In 2023, a business in Arizona sought assistance with drafting a buy-sell agreement. The company, structured as an S corporation and owned equally by two individuals, aimed to establish an exit plan to prepare for potential future transitions as the owners considered their retirement options. This proactive approach was essential for ensuring a smooth transition in ownership without conflict should one of the owners choose to exit the business. As a result, the client received 12 proposals from licensed lawyers, with flat fee bids ranging from $500 to $2,250, all submitted to complete the work within the requested deadline of over a week.