Bexar Texas 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
• County: Bexar
• 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 Bexar Texas Buy-Sell Agreement between Shareholders of a Closely Held Corporation is a legally binding contract designed to address the transfer of ownership interests in the corporation among its shareholders. This agreement outlines the terms and conditions under which shareholders can buy or sell their shares in the corporation, ensuring a smooth transition of ownership and protecting the interests of all parties involved. The Bexar Texas Buy-Sell Agreement helps to establish a fair and structured process for the sale or transfer of shares, preventing disputes and ensuring the corporation's stability and continuity. It is particularly relevant for closely held corporations, which typically have a limited number of shareholders, and the ownership of shares is closely tied to the management and control of the business. This agreement often includes various key provisions, including: 1. Trigger Events: The agreement defines the events that trigger the buy-sell provisions, such as the death, disability, retirement, or voluntary sale by a shareholder. It helps prepare for unforeseen circumstances and sets forth the protocol for each scenario. 2. Valuation: The agreement sets guidelines for valuing the corporation or its shares, providing a method or formula to determine the fair market value of the shares being sold. It may involve hiring a qualified appraiser or using predetermined valuation metrics. 3. Right of First Refusal: This provision gives the corporation or existing shareholders the first opportunity to purchase the shares being sold before they are offered to external parties. It helps maintain control within the existing ownership group and ensures that only approved individuals become shareholders. 4. Purchase Price and Payment Terms: The agreement establishes the agreed-upon purchase price for the shares, whether it's a fixed amount, determined by valuation formula, or subject to negotiation. It also outlines payment terms, such as lump-sum or installment payments, and any applicable financing arrangements. 5. Dispute Resolution: In case of disagreements or disputes related to the buy-sell agreement, there may be provisions that outline the process for resolving such issues, such as mediation, arbitration, or litigation. There are no specific variations of the Bexar Texas Buy-Sell Agreement between Shareholders of a Closely Held Corporation that are named differently. However, the content and provisions of the agreement can vary based on the specific needs and circumstances of the corporation and its shareholders. Therefore, it is advisable to consult with legal professionals well-versed in Texas corporate laws when drafting or reviewing a buy-sell agreement.

The Bexar Texas Buy-Sell Agreement between Shareholders of a Closely Held Corporation is a legally binding contract designed to address the transfer of ownership interests in the corporation among its shareholders. This agreement outlines the terms and conditions under which shareholders can buy or sell their shares in the corporation, ensuring a smooth transition of ownership and protecting the interests of all parties involved. The Bexar Texas Buy-Sell Agreement helps to establish a fair and structured process for the sale or transfer of shares, preventing disputes and ensuring the corporation's stability and continuity. It is particularly relevant for closely held corporations, which typically have a limited number of shareholders, and the ownership of shares is closely tied to the management and control of the business. This agreement often includes various key provisions, including: 1. Trigger Events: The agreement defines the events that trigger the buy-sell provisions, such as the death, disability, retirement, or voluntary sale by a shareholder. It helps prepare for unforeseen circumstances and sets forth the protocol for each scenario. 2. Valuation: The agreement sets guidelines for valuing the corporation or its shares, providing a method or formula to determine the fair market value of the shares being sold. It may involve hiring a qualified appraiser or using predetermined valuation metrics. 3. Right of First Refusal: This provision gives the corporation or existing shareholders the first opportunity to purchase the shares being sold before they are offered to external parties. It helps maintain control within the existing ownership group and ensures that only approved individuals become shareholders. 4. Purchase Price and Payment Terms: The agreement establishes the agreed-upon purchase price for the shares, whether it's a fixed amount, determined by valuation formula, or subject to negotiation. It also outlines payment terms, such as lump-sum or installment payments, and any applicable financing arrangements. 5. Dispute Resolution: In case of disagreements or disputes related to the buy-sell agreement, there may be provisions that outline the process for resolving such issues, such as mediation, arbitration, or litigation. There are no specific variations of the Bexar Texas Buy-Sell Agreement between Shareholders of a Closely Held Corporation that are named differently. However, the content and provisions of the agreement can vary based on the specific needs and circumstances of the corporation and its shareholders. Therefore, it is advisable to consult with legal professionals well-versed in Texas corporate laws when drafting or reviewing a buy-sell agreement.

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.