u/CantaloupeFlaky6082

Small business owner dies without a buysell agreement - how does that actually play out in probate?

Been listening to a lot of small business podcasts lately and this topic keeps coming up sideways - someone mentions it briefly and moves on. What actually happens to a sole owner's business interest when they die with no buysell agreement and no clear succession language in the estate documents?

The scenarios I keep turning over: a small LLC with two or three members where one dies and the surviving members suddenly have to deal with that person's spouse or adult kids as de facto coowners. Or a sole proprietor where the business just sits there while probate drags on and the value bleeds out

I get that a funded buysell agreement is the cleaner path, but a lot of small business owners just never get there. What actually happens in practice when the estate hits probate without that structure? Does the business interest get appraised and liquidated? Do surviving partners have any leverage, or are they stuck negotiating with whoever inherits the interest?

Asking because I've been thinking about this from the estate side rather than the business side. Meaning what planning documents could have prevented the mess, not what the business owners should have done operationally

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u/CantaloupeFlaky6082 — 2 days ago
▲ 8 r/Nevada

What are the best Off-the-Beaten-Path hikes in Rural Nevada?

Been doing weekend hikes around Nevada for a few years, mostly sticking to the obvious spots near Reno and the Lake Tahoe edge. Starting to feel like I've pulled most of the lowhanging fruit there and want to push further into the state.

Ghost town areas like Rhyolite keep coming up when I browse around, and I get the appeal, but I'm more interested in terrain with actual elevation change or canyon features. Not just flat desert walking. I work long weeks and the weekend trip needs to feel like it paid off.

I've been looking at the Spring Valley area and some spots up near Elko but haven't committed to anything yet. Part of the hesitation is not knowing which access roads are actually passable without high clearance. I drive a standard pickup so I'm not too limited, but I don't want to burn a Saturday on a washedout road situation.

If you've hiked something in rural Nevada in the last year or two that surprised you terrainwise, I'd genuinely want to know what it was and roughly where. Distance from a major highway matters too if you can remember.

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u/CantaloupeFlaky6082 — 10 days ago