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Azhar and Fareed are good friends since their college. Sharing the same interests and career, both of them agreed to open up an architect firm.

Azhar and Fareed are good friends since their college. Sharing the same interests and career,
both of them agreed to open up an architect firm. Both of them share an equal amount of a
paid-up capital worth RM500,000 to start the business. One day they were approached by a
financial advisor and were advised about the Business Succession Plan (l3SP). One of the tools
suitable for BSP is Buy-and-Sell Agreement. Which Buy-and Sell Agreement is suitable for
Azhar and Fareed partnership? You are also required to explain on the arrangement of the
estate planning of either partner in case one of them die before transferring all the share?

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