The #1 Mistake Business Owners Make (and How a Buy-Sell Agreement Saves Your Legacy)
Control and Compound with Darren Mitchell
Release Date: 08/18/2025
Control and Compound with Darren Mitchell
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Watch the webinar on the Rockefeller Method now: What happens to your business if your partner dies, divorces, becomes disabled… or just wants out? On today’s episode, Darren and Christina break down one of the most overlooked — yet absolutely critical — tools for business owners: the Buy-Sell Agreement. A buy-sell agreement isn’t just a legal document. It’s a business-saving strategy that protects your company, your partners, your family, and your legacy when the unexpected happens. Whether you’re a doctor in a practice, a real estate investor with JV...
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Watch the webinar on the Rockefeller Method now: On today’s episode, Darren and Christina are back for part 5 of our Rockefeller Method series! The two break down the different types of life insurance available to Canadians and go over why participating whole life insurance is the superpower that will secure your financial future for generations to come! If you’ve ever wondered how the wealthy seem to create money out of thin air while paying less tax — this conversation is your blueprint! Show notes: 00:00 - Introduction 2:25 - Types of life insurance...
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info_outlineControl and Compound with Darren Mitchell
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info_outlineWatch the webinar on the Rockefeller Method now: https://shorturl.at/14eAL
What happens to your business if your partner dies, divorces, becomes disabled… or just wants out?
On today’s episode, Darren and Christina break down one of the most overlooked — yet absolutely critical — tools for business owners: the Buy-Sell Agreement.
A buy-sell agreement isn’t just a legal document. It’s a business-saving strategy that protects your company, your partners, your family, and your legacy when the unexpected happens. Whether you’re a doctor in a practice, a real estate investor with JV partners, or running a family-owned business — this is an episode you can’t afford to miss.
Here’s what we cover in this episode:
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What is a Buy-Sell Agreement? (and why every business needs one)
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The devastating risks of NOT having a plan in place
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Real-world stories of businesses saved (or destroyed) by buy-sells
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The importance of business valuations (and CRA compliance in Canada)
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Key clauses every buy-sell agreement should include (shotgun clause, first right of refusal, tag-along/drag-along, and more)
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Why funding matters — and how life insurance is the smartest, most tax-efficient tool to protect your business
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Cross purchase vs. share redemption: how to structure agreements properly
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Tax advantages of using insurance inside your corporation
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Legacy and succession planning for multi-generational businesses
Darren and Christina share real client examples, common mistakes, and practical strategies that could save your company millions — and prevent your family from inheriting chaos instead of wealth.
If you’re a business owner, entrepreneur, or investor, this is an essential episode for protecting everything you’ve worked for.
Show notes:
00:00 - Introduction
1:55 - What is a buy-sell agreement?
7:50 - Common clauses in a buy-sell agreement
15:35 - Funding a buy-sell agreement
21:00 - How does it work when you die?
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