Kim and Larry own Moe's, a successful restaurant. Kim, who is married, asks Larry, her unmarried partner, to convert Moe's to a limited liability company and agree that each has the right to buy the other's interest to keep control of the business. In terms of Kim's spouse and Larry's future spouse, this agreement is

Question

Kim and Larry own Moe's, a successful restaurant. Kim, who is married, asks Larry, her unmarried partner, to convert Moe's to a limited liability company and agree that each has the right to buy the other's interest to keep control of the business. In terms of Kim's spouse and Larry's future spouse, this agreement is​

Quizplus · Accepted Answer

The agreement is legal and ethical as it is a common business practice to have buy-sell agreements to maintain control of a business, and it does not inherently harm any parties involved.

Kim and Larry Own Moe's, a Successful Restaurant