For any business to survive over the long term a “buy out” agreement should be in force. This would allow one or more those principals to leave the business for whatever reason and still have the business continue through such a transition. Whether it becomes a medical issue that suddenly incapacitates one of the principal or a new path that leads on to move on the buy out agreement is essential. For without a buy out agreement those family members who weren’t involved in the business could suddenly have knives to cut it apart in ways that will kill it’s very heart. Buy out agreement’s might be difficult to write for the emotional and intricacies involved but will save a whole lot of headaches and maybe even the business later.