Checklist for Shareholder Promissory Notes

Promissory notes are frequently used as a funding mechanism when buy-sell agreements are triggered. However, most buy-sell agreements reflect very little thought or negotiation researching the promissory notes they contain. This checklist helps you determine if your promissory note is reasonable for all parties under reasonably foreseeable circumstances. It is a perfect companion to the book, Buy-Sell Agreements for Closely Held and Family Business Owners.