Business Buyout Agreements: A Step-by-Step Guide for Co-Owners

Business Buyout Agreements: A Step-by-Step Guide for Co-Owners image
ISBN-10:

1413306489

ISBN-13:

9781413306484

Author(s): Anthony Mancuso, Attorney; Bethany Laurence, J.D.
Edition: 4th
Released: Jan 01, 2007
Publisher: Nolo
Format: Paperback, 336 pages
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Description:

Everything partners need to create a "business prenup" that will protect a business if someone leaves.

If you're like many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner:

  • wants out of the business
  • wants to retire
  • goes through personal bankruptcy
  • wants to sell his shares to someone else
  • goes through a divorce
  • or passes away?

    Business Buyout Agreements walks you through the creation of a legal contract -- a sort of "premarital agreement" for your business -- that protects everyone's interests. This document will help ensure a smooth transition following someone's departure. Clarify:

  • when co-owners can sell their interest
  • the circumstances when someone must sell
  • who can buy into the business
  • what price will be paid

    Business Buyout Agreements is updated with the latest laws, and includes a complete business buyout agreement on CD-ROM.
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