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

In 2024, a business in Nevada sought assistance with drafting a buy-sell agreement to address ownership interests amid specific events, particularly in the context of an impending divorce. The client aimed for a document that would avoid independent valuations, stipulating that ownership shares be valued at 1.5 times the member's current capital account, and requested provisions for periodic reviews every five years to ensure its relevance. As a result, the client received six proposals from licensed lawyers, with flat fee bids ranging from $900 to $1,350, all submitted to meet the requested deadline of less than one week.