Hello friends! I'd like to write today about buy-sell agreements, aka Partnership Agreements. The contracts all business people develop when they start a business, right? This document is an important piece of your business plan. In this document, you and your partners will decide what happens if one of you: becomes ill or dies, divorces, or quits. This document spells out, prior to any event happening, how the partners will handle it. It determines who will be the tax partner and what type of accounting you will be using.