Fulton Georgia 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: Fulton
• 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. Fulton Georgia Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding contract that establishes the rights and obligations of shareholders in the event of certain trigger events, such as death, disability, retirement, or voluntary or involuntary transfer of shares. This agreement is essential for closely held corporations in Fulton, Georgia, as it helps ensure the smooth transition of ownership and protects the interests of all shareholders involved. There are different types of Fulton Georgia Buy-Sell Agreements between Shareholders of Closely Held Corporation, including: 1. Cross-Purchase Agreement: In this type of agreement, each shareholder agrees to purchase the shares of the departing shareholder. The remaining shareholders use their personal funds or borrow money to buy the shares proportionally based on their ownership percentage. This arrangement is commonly used in smaller corporations with a limited number of shareholders. 2. Stock Redemption Agreement: Here, the corporation itself is obligated to buy back the shares of the departing shareholder. The corporation uses its funds or borrows money to repurchase the shares and becomes the sole owner. This arrangement is often preferred when the corporation has ample resources or wishes to maintain control over its ownership structure. 3. One-Way or Shotgun Agreement: This agreement allows one shareholder to set a price and offer to either buy the shares of another shareholder at that price or sell their own shares at the same price. The other shareholder then has the option to either buy or sell based on the offer made. This arrangement is useful when there are disagreements between shareholders or situations where one shareholder wants to exit the corporation. 4. Hybrid Agreement: This type of agreement combines elements of both cross-purchase and stock redemption agreements. Depending on the circumstances or preferences of the shareholders, the agreement may specify which method will be used for different trigger events. Fulton Georgia Buy-Sell Agreement between Shareholders of Closely Held Corporation typically includes provisions addressing the valuation of shares, funding mechanisms, transfer restrictions, dispute resolution methods, and other important details related to the buy-sell process. Seeking professional legal advice while drafting or reviewing such agreements is strongly recommended ensuring compliance with applicable laws and to tailor the agreement to the specific needs and circumstances of the corporation and shareholders.

Fulton Georgia Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legally binding contract that establishes the rights and obligations of shareholders in the event of certain trigger events, such as death, disability, retirement, or voluntary or involuntary transfer of shares. This agreement is essential for closely held corporations in Fulton, Georgia, as it helps ensure the smooth transition of ownership and protects the interests of all shareholders involved. There are different types of Fulton Georgia Buy-Sell Agreements between Shareholders of Closely Held Corporation, including: 1. Cross-Purchase Agreement: In this type of agreement, each shareholder agrees to purchase the shares of the departing shareholder. The remaining shareholders use their personal funds or borrow money to buy the shares proportionally based on their ownership percentage. This arrangement is commonly used in smaller corporations with a limited number of shareholders. 2. Stock Redemption Agreement: Here, the corporation itself is obligated to buy back the shares of the departing shareholder. The corporation uses its funds or borrows money to repurchase the shares and becomes the sole owner. This arrangement is often preferred when the corporation has ample resources or wishes to maintain control over its ownership structure. 3. One-Way or Shotgun Agreement: This agreement allows one shareholder to set a price and offer to either buy the shares of another shareholder at that price or sell their own shares at the same price. The other shareholder then has the option to either buy or sell based on the offer made. This arrangement is useful when there are disagreements between shareholders or situations where one shareholder wants to exit the corporation. 4. Hybrid Agreement: This type of agreement combines elements of both cross-purchase and stock redemption agreements. Depending on the circumstances or preferences of the shareholders, the agreement may specify which method will be used for different trigger events. Fulton Georgia Buy-Sell Agreement between Shareholders of Closely Held Corporation typically includes provisions addressing the valuation of shares, funding mechanisms, transfer restrictions, dispute resolution methods, and other important details related to the buy-sell process. Seeking professional legal advice while drafting or reviewing such agreements is strongly recommended ensuring compliance with applicable laws and to tailor the agreement to the specific needs and circumstances of the corporation and shareholders.

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.