Wyoming 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 Wyoming Buy Sell or Stock Purchase Agreement is a legally binding contract that governs the transfer of common stock in a closely held corporation. This agreement provides the shareholders with a mechanism to buy or sell their shares in specific circumstances, ensuring a smooth transition in ownership and maintaining control over the corporation. The agreement typically covers various scenarios such as death, disability, retirement, or voluntary sale of shares by a shareholder. It outlines the terms and conditions under which the shares can be purchased, including the purchase price, payment terms, and any specific obligations or restrictions. One particular variation of the Wyoming Buy Sell or Stock Purchase Agreement covers the option to fund the purchase of shares through life insurance. This option allows the remaining shareholders or the corporation to acquire the shares of a deceased shareholder by using insurance proceeds. The agreement would include provisions specifying that each shareholder is required to maintain a life insurance policy, designating the corporation or other shareholders as beneficiaries. In the event of a shareholder's death, the insurance proceeds would be used to purchase their shares from their estate or designated beneficiaries. This type of agreement is particularly useful in closely held corporations, as it ensures that the remaining shareholders can continue to control the corporation and avoid potential conflicts with the deceased shareholder's family or estate. Additional variations of the Wyoming Buy Sell or Stock Purchase Agreement may include provisions for different circumstances or options, such as: 1. Disability Buy Sell Agreement: This type of agreement specifically addresses the situation where a shareholder becomes disabled and unable to continue actively participating in the business. It provides a mechanism for the purchase of the disabled shareholder's shares. 2. Retirement Buy Sell Agreement: This agreement covers the orderly transfer of shares when a shareholder decides to retire from the corporation. It establishes the terms and conditions for the purchase of the retiring shareholder's shares, including the payment terms and any necessary provisions for the continuation of benefits or compensation. 3. Voluntary Sale Buy Sell Agreement: In some cases, a shareholder may voluntarily decide to sell their shares to the remaining shareholders or the corporation. This agreement outlines the process and conditions for this voluntary sale, including the determination of the purchase price and any necessary approvals. In summary, a Wyoming Buy Sell or Stock Purchase Agreement covering common stock in a closely held corporation provides the framework for the transfer of shares in certain circumstances. The option to fund the purchase through life insurance offers added security and a smooth transition in the event of a shareholder's death. Different variations of the agreement exist to address specific situations such as disability, retirement, or voluntary sale.

A Wyoming Buy Sell or Stock Purchase Agreement is a legally binding contract that governs the transfer of common stock in a closely held corporation. This agreement provides the shareholders with a mechanism to buy or sell their shares in specific circumstances, ensuring a smooth transition in ownership and maintaining control over the corporation. The agreement typically covers various scenarios such as death, disability, retirement, or voluntary sale of shares by a shareholder. It outlines the terms and conditions under which the shares can be purchased, including the purchase price, payment terms, and any specific obligations or restrictions. One particular variation of the Wyoming Buy Sell or Stock Purchase Agreement covers the option to fund the purchase of shares through life insurance. This option allows the remaining shareholders or the corporation to acquire the shares of a deceased shareholder by using insurance proceeds. The agreement would include provisions specifying that each shareholder is required to maintain a life insurance policy, designating the corporation or other shareholders as beneficiaries. In the event of a shareholder's death, the insurance proceeds would be used to purchase their shares from their estate or designated beneficiaries. This type of agreement is particularly useful in closely held corporations, as it ensures that the remaining shareholders can continue to control the corporation and avoid potential conflicts with the deceased shareholder's family or estate. Additional variations of the Wyoming Buy Sell or Stock Purchase Agreement may include provisions for different circumstances or options, such as: 1. Disability Buy Sell Agreement: This type of agreement specifically addresses the situation where a shareholder becomes disabled and unable to continue actively participating in the business. It provides a mechanism for the purchase of the disabled shareholder's shares. 2. Retirement Buy Sell Agreement: This agreement covers the orderly transfer of shares when a shareholder decides to retire from the corporation. It establishes the terms and conditions for the purchase of the retiring shareholder's shares, including the payment terms and any necessary provisions for the continuation of benefits or compensation. 3. Voluntary Sale Buy Sell Agreement: In some cases, a shareholder may voluntarily decide to sell their shares to the remaining shareholders or the corporation. This agreement outlines the process and conditions for this voluntary sale, including the determination of the purchase price and any necessary approvals. In summary, a Wyoming Buy Sell or Stock Purchase Agreement covering common stock in a closely held corporation provides the framework for the transfer of shares in certain circumstances. The option to fund the purchase through life insurance offers added security and a smooth transition in the event of a shareholder's death. Different variations of the agreement exist to address specific situations such as disability, retirement, or voluntary sale.

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.