Business Buyout Agreements: Plan Now for All Types of Business Transitions

ISBN-13: 9781413326352
ISBN-10: 1413326358
Edition: Eighth
Author: Mancuso Attorney, Anthony, Laurence J.D., Bethany K.
Publication date: 2019
Publisher: NOLO
Format: Paperback 328 pages
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Book details

ISBN-13: 9781413326352
ISBN-10: 1413326358
Edition: Eighth
Author: Mancuso Attorney, Anthony, Laurence J.D., Bethany K.
Publication date: 2019
Publisher: NOLO
Format: Paperback 328 pages

Summary

Acknowledged authors Mancuso Attorney, Anthony, Laurence J.D., Bethany K. wrote Business Buyout Agreements: Plan Now for All Types of Business Transitions comprising 328 pages back in 2019. Textbook and eTextbook are published under ISBN 1413326358 and 9781413326352. Since then Business Buyout Agreements: Plan Now for All Types of Business Transitions textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Head off disagreements with co-owners

It happens to any business that’s owned by more than one person: Sooner or later, one or more owners will want or need to leave the business. What happens when you’re ready to move on? Or what happens to your company if one co-owner wants to retire, files for bankruptcy, or goes through a divorce? Unless you plan in advance, it could threaten the survival of your business.

In short, it’s essential that you create a simple but effective “prenuptial agreement” for your company with a buyout agreement (buy-sell agreement). This document clarifies:

  • when you or your co-owners can sell ownership interests
  • the circumstances requiring an owner to sell (personal bankruptcy, for example)
  • how much departing owners can ask for their shares, and
  • how long continuing owners have to pay the former owner.

Business Buyout Agreements walks you through the creation of your own legal agreement―before issues come up and cause problems. It provides all the tax and legal information you need at every step, such as how to structure the agreement to avoid estate taxes. You’ll have a clear, fair agreement―and peace of mind.

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