Wisconsin Acuerdo de compra venta o compra de acciones que cubre acciones ordinarias en una corporación cerrada con opción de financiar la compra a través de un seguro de vida - Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance

• Category: Compra Venta - Compra de Acciones - Sociedades Anónimas
• State: Multi-State
• Control #: US-00455BG
• Format: Word

Description

This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime. A Wisconsin Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance is a legal contract that governs the sale and purchase of common stock in a closely held corporation located in Wisconsin. This agreement outlines the terms and conditions under which the stock may be bought or sold, and also provides an option to fund the purchase using life insurance policies. The purpose of this agreement is to provide a mechanism for the orderly transfer of ownership interests in the corporation in the event of certain triggering events, such as the death, disability, retirement, or voluntary withdrawal of a shareholder. By having a well-defined buy-sell agreement in place, the corporation and its shareholders can ensure a smooth transition of ownership and prevent disputes or disruptions to the business. This agreement typically includes several key provisions, including: 1. Parties: The agreement will identify the parties involved in the stock purchase, typically including the corporation, the selling shareholder(s), and the buying shareholder(s). It will also specify the number and type of common stock being transferred. 2. Purchase Price: The agreement will establish the method and formula for determining the purchase price of the stock. This may be based on a pre-determined valuation formula or involve the use of an independent appraiser. The agreement may also specify the terms of payment, such as lump sum or installment payments. 3. Triggering Events: The agreement will specify the events that can trigger a stock purchase, such as the death, disability, retirement, or voluntary withdrawal of a shareholder. It will provide a mechanism for determining which shareholders have the right or obligation to buy or sell the stock under each event. 4. Life Insurance Funding: This type of agreement may include a provision allowing the purchase of life insurance policies on the lives of the shareholders. The death benefit from these policies can be used to fund the purchase of the deceased shareholder's stock, ensuring that the necessary funds are available for the transaction. 5. Restrictions on Stock Transfers: The agreement may include restrictions on the transfer of stock to non-shareholders or outsiders. This is intended to maintain the closely held nature of the corporation and prevent unwanted shareholders from entering the picture. Different types of Wisconsin Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance may vary based on the specific terms and conditions agreed upon by the parties involved. Some variations may include the use of different valuation methods, alternative funding mechanisms, or additional triggers for stock purchases. Overall, this type of agreement provides a legal framework for the sale and purchase of common stock in a closely held corporation, while also providing an option to fund the purchase through life insurance policies. It helps ensure a smooth transition of ownership, protect the interests of the corporation and its shareholders, and mitigate potential disputes.

A Wisconsin Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance is a legal contract that governs the sale and purchase of common stock in a closely held corporation located in Wisconsin. This agreement outlines the terms and conditions under which the stock may be bought or sold, and also provides an option to fund the purchase using life insurance policies. The purpose of this agreement is to provide a mechanism for the orderly transfer of ownership interests in the corporation in the event of certain triggering events, such as the death, disability, retirement, or voluntary withdrawal of a shareholder. By having a well-defined buy-sell agreement in place, the corporation and its shareholders can ensure a smooth transition of ownership and prevent disputes or disruptions to the business. This agreement typically includes several key provisions, including: 1. Parties: The agreement will identify the parties involved in the stock purchase, typically including the corporation, the selling shareholder(s), and the buying shareholder(s). It will also specify the number and type of common stock being transferred. 2. Purchase Price: The agreement will establish the method and formula for determining the purchase price of the stock. This may be based on a pre-determined valuation formula or involve the use of an independent appraiser. The agreement may also specify the terms of payment, such as lump sum or installment payments. 3. Triggering Events: The agreement will specify the events that can trigger a stock purchase, such as the death, disability, retirement, or voluntary withdrawal of a shareholder. It will provide a mechanism for determining which shareholders have the right or obligation to buy or sell the stock under each event. 4. Life Insurance Funding: This type of agreement may include a provision allowing the purchase of life insurance policies on the lives of the shareholders. The death benefit from these policies can be used to fund the purchase of the deceased shareholder's stock, ensuring that the necessary funds are available for the transaction. 5. Restrictions on Stock Transfers: The agreement may include restrictions on the transfer of stock to non-shareholders or outsiders. This is intended to maintain the closely held nature of the corporation and prevent unwanted shareholders from entering the picture. Different types of Wisconsin Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance may vary based on the specific terms and conditions agreed upon by the parties involved. Some variations may include the use of different valuation methods, alternative funding mechanisms, or additional triggers for stock purchases. Overall, this type of agreement provides a legal framework for the sale and purchase of common stock in a closely held corporation, while also providing an option to fund the purchase through life insurance policies. It helps ensure a smooth transition of ownership, protect the interests of the corporation and its shareholders, and mitigate potential disputes.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.