Mind your own business: use an agreement.

Business North CarolinaVol. 22 Nbr. 10, October 2002

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Summary


The 2002 Law Journal - Business and estate planning for closely held companies

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Extract


Mind your own business: use an agreement.

Owners of closely held businesses often describe "control of my own destiny" and "building an asset for myself and family" as their primary motivation and reward. But these goals may be myths if owners fail to understand that having proper plans in place is simply a part of minding their business. However, designing sound plans is challenging when multiple ownership involving people with differing interests and rights are involved.

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