Bob and Tom are partners in a business. If one of them were to die, which of the following would guarantee a market for each of their share of the business?

Bob and Tom are partners in a business. If one of them were to die, which of the following would guarantee a market for each of their share of the business?


A) Split Dollar plan
B) Buy-Sell agreement
C) Deferred compensation plan
D) Key person insurance


Answer: B) Buy-Sell agreement

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