With T. Eric Blocher & Greg M. Lowe
of
McKonly & Asbury
Many businesses operate under the terms of a
buy-sell agreement. Chances are that, as a business owner, you should have
a buy-sell agreement. It is a prudent business practice. But here is the catch,
most buy-sell agreements don’t work or won’t work as intended. The reasons why
they don’t work are varied but typically include one or more reasons. A
buy-sell agreement is usually ratified when a business begins. It is filed away
and often forgotten.
Over time, the business, its ownership, purpose,
and operations can change. The buy-sell agreement is rarely amended to include
changes addressing these issues. The good news is that it is not too late to
fix your buy-sell agreement!
Eric Blocher is a Principal with
McKonly & Asbury with over 24 years of public accounting experience. He has
oversight responsibilities for audits, reviews, and compilations for a wide
range of service providers. As the leader of the valuation team, Mr. Blocher
has over 17 years of business valuation consulting experience. He has been
instrumental in developing a successful valuation service providing valuation
and litigation support services. He has valued more than 150 closely held
businesses in various industries including: professional services, real estate,
manufacturing, retail, food services, automotive dealerships, and others.
Greg M. Lowe is Chief
Operating Officer with McKonly & Asbury, overseeing the operational
management of the firm. Most recently, he served as President of the IT services
division of Intellimark/Technisource, a large national information systems
consulting and outsourcing company, with over 600 employees and offices in
multiple states. Prior to joining IntelliMark, Mr. Lowe held several leadership
positions in sales and service with companies in the information technology and
packaged foods industries.
McKonly
& Asbury is a current corporate sponsor of the S. Dale High Family Business
Center at Elizabethtown College
Join The Network of Family
Businesses for this in-depth
Webinar on Thursday, May 28, 2015 at 11:00 AM Eastern Time, with Eric Blocher and Greg Lowe.
