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Basically, a buy-sell agreement is an exit strategy for you and your business partners. The agreement spells out exactly who owns what in the event that a partner leaves the company, rather than ...
Stock purchase agreement template. Here is a stock purchase agreement template you can copy and paste into a word processing program and save to your company files. This template is intended as a ...
Buy-sell agreements can vary depending on the business owners' needs and the state’s statute for buy-sell agreements. Generally, they should include the following information: ...
1. Ensuring Business Continuity. A buy-sell agreement provides a clear framework for what happens when an owner exits the business. Without one, disputes among remaining owners or heirs may arise ...
At a minimum, business owners should review their existing buy-sell agreements. With a cross purchase agreement, the surviving shareholders own the life insurance, so that value cannot be ascribed ...
An entity-purchase agreement controls the reassignment of ownership interest in a company in the event that a partner dies or otherwise leaves the business.
Business owner clients seeking to use the shrinking estate-tax window to pass down closely held shares may need to think through new or updated buy-sell agreements. For business owners trying to ...
The importance of clear buy-sell agreements: Lessons from the Connelly case The facts in Connelly probably didn’t help the credibility of the parties involved. We’ve heard the maxim, “Bad ...