Business buyout agreements : plan now for all types of business transitions

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. With Downloadable Forms Everything you need to create a buy-sell agreement is provided, details inside. "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 to the company if one co-owner wants to retire, files for bankruptcy, or goes through a divorce? Unless one plans in advance, it could threaten the survival of the business. It's essential that business co-owners create a simple but effective buyout agreement (buy-sell agreement). This document clarifies: when 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. The 8th edition of Business Buyout Agreements walks the reader through the creation of a legal agreement-before issues come up and cause problems. It provides all the tax and legal information needed at every step, such as how to structure the agreement to avoid estate taxes"-- Provided by publisher "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 book will help you create documents to 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 This edition of Business Buyout Agreements is updated to incorporate changes to estate tax law and discounts for small business valuation. Plus, it includes a complete business buyout agreement as an example. Forms are available to download at nolo.com. "-- "Use the plain-English legal forms in this book to create a buy-sell agreement, clarifying: - when co-owners can sell their interest - who can buy into the business - what price will be paid "--