Buy-sell agreements -- income tax issues and funding methods.

The article presents the second part of a two part column on buy sell agreements for small businesses. It discusses the issues on income tax that are connected with the implementation of buy-sell agreements. These issues are similar to the basic types of agreements. For instance, life insurance premiums paid are generally considered as not tax-deductible and death proceeds received upon the death of a co-owner are received as tax-free.