
Business Buyout Agreements
Plan Now for All Types of Business Transitions
- 328 pages
- English
- PDF
- Available on iOS & Android
Business Buyout Agreements
Plan Now for All Types of Business Transitions
About this book
Going into business with others means taking some risks. Sooner or later, one or more of the owners will want to exit the business (and it may be you). Unless you plan in advance, protracted arguments over the buyout price, payment plans, and outside buyers can threaten the survival of your business. Without an agreement, co-owners may also jeopardize the business by filing for bankruptcy, pledging their business share as collateral, or losing their share of the business in a divorce.
And what happens when you are ready to move on? Can you force the other owners to buy your interest? Who decides the price?
Business Buyout Agreements walks you through the creation of a buy-sell agreement—a sort of "premarital agreement" for your business—that protects everyone's interests. The book includes a fill-in buy-sell agreement that can be tailored for owners of corporations, LLCs, and partnerships.
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Information
Table of contents
- Cover
- Table of Contents
- Your Legal Companion for Creating a Buyout Agreement
- 1. An Overview of Buyout Agreements
- 2. Limiting the Transfer of Ownership Interests
- 3. Providing the Right to Force Buyouts
- 4. Structuring Buyouts
- 5. Funding Buyouts
- 6. How to Set the Buyout Price in Your Agreement
- 7. Choosing Payment Terms for Buyouts
- 8. Completing and Updating Your Buyout Agreement
- 9. Income and Estate Tax Issues
- 10. Lawyers, Tax Specialists, and Resources
- Appendix A: How to Access the Buyout Forms
- Appendix B: Buyout Worksheet
- Appendix C: Buyout Agreement
- Index
- Book Registration
- Additional Small Business Resources at Nolo.com