Buy-Sell agreements and their funding can be critical to a smooth transition of business ownership from one party to another. As a business owner, a buy-sell agreement can provide a market for what is typically an asset without a public market. Without a buy-sell agreement, a deceased business owner's estate may be stuck with an illiquid business interest that may not be easily sold. A buy-sell agreement, properly funded with life insurance, can be an ideal alternative to help ensure the business owner's illiquid business interest is converted to cash for the family.