West Virginia Acuerdo de Compra-Venta entre Accionistas de Sociedad Anónima Cerrada - Buy-Sell Agreement between Shareholders of Closely Held Corporation

• Category: Sociedades Anónimas - Comprar Vender
• State: Multi-State
• Control #: US-02462BG
• Format: Word

Description

A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. Many of these types of corporations are small firms that in the past would have been operated as a sole proprietorship or partnership, but have been incorporated in order to obtain the advantages of limited liability or a tax benefit or both. A buy-sell agreement is an agreement between the owners (shareholders) of a firm, defining their mutual obligations, privileges, protections, and rights. The West Virginia Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding contract that outlines the terms and conditions for the buying and selling of shares in a closely held corporation located in West Virginia. This agreement is designed to protect the interests of the shareholders and ensure a smooth transition of ownership in the event of certain triggering events. Some relevant keywords related to this topic include: West Virginia, Buy-Sell Agreement, shareholders, closely held corporation, contract, shares, ownership, triggering events, terms, conditions, transition. There are various types of West Virginia Buy-Sell Agreements between Shareholders of Closely Held Corporations. Some commonly used types are: 1. Cross-Purchase Agreement: This type of agreement allows the remaining shareholders to purchase the shares of a departing shareholder in proportion to their existing ownership percentages. It ensures that the ownership remains within the existing shareholder group. 2. Stock Redemption Agreement: Under this agreement, the closely held corporation itself buys back the shares of a departing shareholder. The corporation then cancels or keeps the shares as treasury stock, reducing the number of outstanding shares. 3. Hybrid Agreement: This agreement combines elements of both cross-purchase and stock redemption agreements. It provides flexibility for the remaining shareholders and the corporation to determine who will buy the shares in certain situations. 4. Wait-and-See Agreement: This type of agreement allows the shareholders to postpone the decision regarding the method of buying shares until a triggering event occurs. It provides more flexibility and allows the shareholders to assess the situation when the event occurs. 5. Put Option Agreement: This agreement gives the shareholders the right to sell their shares to the corporation or other shareholders at a predetermined price, allowing them to exit the company when desired. These different types of agreements provide options for shareholders to address ownership transitions, protect their interests, and ensure a smooth functioning of the closely held corporation located in West Virginia.

The West Virginia Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding contract that outlines the terms and conditions for the buying and selling of shares in a closely held corporation located in West Virginia. This agreement is designed to protect the interests of the shareholders and ensure a smooth transition of ownership in the event of certain triggering events. Some relevant keywords related to this topic include: West Virginia, Buy-Sell Agreement, shareholders, closely held corporation, contract, shares, ownership, triggering events, terms, conditions, transition. There are various types of West Virginia Buy-Sell Agreements between Shareholders of Closely Held Corporations. Some commonly used types are: 1. Cross-Purchase Agreement: This type of agreement allows the remaining shareholders to purchase the shares of a departing shareholder in proportion to their existing ownership percentages. It ensures that the ownership remains within the existing shareholder group. 2. Stock Redemption Agreement: Under this agreement, the closely held corporation itself buys back the shares of a departing shareholder. The corporation then cancels or keeps the shares as treasury stock, reducing the number of outstanding shares. 3. Hybrid Agreement: This agreement combines elements of both cross-purchase and stock redemption agreements. It provides flexibility for the remaining shareholders and the corporation to determine who will buy the shares in certain situations. 4. Wait-and-See Agreement: This type of agreement allows the shareholders to postpone the decision regarding the method of buying shares until a triggering event occurs. It provides more flexibility and allows the shareholders to assess the situation when the event occurs. 5. Put Option Agreement: This agreement gives the shareholders the right to sell their shares to the corporation or other shareholders at a predetermined price, allowing them to exit the company when desired. These different types of agreements provide options for shareholders to address ownership transitions, protect their interests, and ensure a smooth functioning of the closely held corporation located in West Virginia.

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.