Franklin Ohio 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: Franklin
• 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. Franklin Ohio Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding document that outlines the terms and conditions for the purchase and sale of shares within a closely held corporation based in Franklin, Ohio. This agreement ensures a smooth transition of ownership and protects the interests of all shareholders involved. The primary purpose of a buy-sell agreement is to establish a mechanism for shareholder liquidity, especially in the event of a shareholder's death, disability, retirement, or desire to exit the corporation. It helps maintain control and stability within the corporation by regulating the transfer of shares. There are several types of buy-sell agreements that Franklin Ohio shareholders of closely held corporations can consider: 1. Cross-Purchase Agreement: This type of agreement allows the remaining shareholders to purchase the shares of a departing shareholder. Each shareholder would have the option to buy an equal percentage of the departing shareholder's stock based on their existing ownership percentages. 2. Stock Redemption Agreement: In this agreement, the corporation itself agrees to redeem the shares of a departing shareholder. The corporation buys back the shares using its own funds or by obtaining a loan. The redeemed shares are subsequently canceled, reducing the total number of outstanding shares. 3. Hybrid Agreement: This agreement combines elements of both cross-purchase and stock redemption agreements. It gives the remaining shareholders the option to purchase the departing shareholder's shares, while also providing the corporation with the opportunity to redeem the shares if the remaining shareholders choose not to buy them. 4. Wait-and-See Agreement: Also known as a shotgun agreement, this type of agreement allows a shareholder to initiate the sale of their shares at a predetermined price. However, if another shareholder disagrees with this price, they have the option to either buy the shares at that price or sell their own shares at the same price, forcing the initiating shareholder to buy them instead. Franklin Ohio Buy-Sell Agreements between Shareholders of Closely Held Corporations are important legal documents that ensure fair and orderly processes for the transfer of shares. They provide protection to both shareholders and the corporation by establishing clear guidelines for ownership changes, preventing disputes, and promoting business continuity. It is advisable for all closely held corporations in Franklin, Ohio, to have a comprehensive buy-sell agreement tailored to their specific circumstances and needs.

Franklin Ohio Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding document that outlines the terms and conditions for the purchase and sale of shares within a closely held corporation based in Franklin, Ohio. This agreement ensures a smooth transition of ownership and protects the interests of all shareholders involved. The primary purpose of a buy-sell agreement is to establish a mechanism for shareholder liquidity, especially in the event of a shareholder's death, disability, retirement, or desire to exit the corporation. It helps maintain control and stability within the corporation by regulating the transfer of shares. There are several types of buy-sell agreements that Franklin Ohio shareholders of closely held corporations can consider: 1. Cross-Purchase Agreement: This type of agreement allows the remaining shareholders to purchase the shares of a departing shareholder. Each shareholder would have the option to buy an equal percentage of the departing shareholder's stock based on their existing ownership percentages. 2. Stock Redemption Agreement: In this agreement, the corporation itself agrees to redeem the shares of a departing shareholder. The corporation buys back the shares using its own funds or by obtaining a loan. The redeemed shares are subsequently canceled, reducing the total number of outstanding shares. 3. Hybrid Agreement: This agreement combines elements of both cross-purchase and stock redemption agreements. It gives the remaining shareholders the option to purchase the departing shareholder's shares, while also providing the corporation with the opportunity to redeem the shares if the remaining shareholders choose not to buy them. 4. Wait-and-See Agreement: Also known as a shotgun agreement, this type of agreement allows a shareholder to initiate the sale of their shares at a predetermined price. However, if another shareholder disagrees with this price, they have the option to either buy the shares at that price or sell their own shares at the same price, forcing the initiating shareholder to buy them instead. Franklin Ohio Buy-Sell Agreements between Shareholders of Closely Held Corporations are important legal documents that ensure fair and orderly processes for the transfer of shares. They provide protection to both shareholders and the corporation by establishing clear guidelines for ownership changes, preventing disputes, and promoting business continuity. It is advisable for all closely held corporations in Franklin, Ohio, to have a comprehensive buy-sell agreement tailored to their specific circumstances and needs.

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.