Pima Arizona 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: Pima
• 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. Lima Arizona Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legal contract that outlines the terms and conditions for the buying and selling of shares in a closely held corporation located in Lima, Arizona. This agreement is crucial for protecting the interests of shareholders and ensuring a smooth transition of ownership in the event of certain triggering events. The purpose of the Lima Arizona Buy-Sell Agreement is to provide a mechanism for shareholders to buy and sell their shares in specific circumstances, such as death, disability, retirement, divorce, bankruptcy, or voluntary departure from the corporation. It helps to maintain stability and continuity within the corporation by regulating the transfer of shares and preventing unwanted third-party ownership. Within the Lima Arizona Buy-Sell Agreement, there are different types or variations that can be tailored according to the specific needs and preferences of the shareholders and the corporation. Some common types include: 1. Cross-Purchase Agreement: In this type, the remaining shareholders have the right to purchase the shares of the departing shareholder. Each shareholder agrees to buy a proportionate share of the departing shareholder's stock, based on their existing ownership percentages. 2. Entity Redemption Agreement: In this type, the corporation itself has the option to repurchase the shares of the departing shareholder. The corporation uses its funds or borrows money to buy back the shares, effectively canceling them. 3. Wait-and-See Agreement: This type allows for flexibility, where the method of purchase (cross-purchase or entity redemption) is decided at the time of the triggering event. The remaining shareholders can choose the most beneficial option based on the circumstances. 4. Hybrid Agreement: This type combines elements of both the cross-purchase and entity redemption agreements. Depending on the specific situation, certain shareholders may be obligated to buy the departing shareholder's shares, while the corporation has the right to purchase any remaining shares. The Lima Arizona Buy-Sell Agreement typically includes essential provisions such as the purchase price or valuation method, funding mechanisms, payment terms, rights of first refusal for existing shareholders, and dispute resolution procedures. It safeguards the interests of all parties involved and provides guidelines for a fair and efficient transaction process. Drafting and implementing a Lima Arizona Buy-Sell Agreement between Shareholders of Closely Held Corporation requires the expertise of legal professionals to ensure compliance with state and federal laws, as well as the unique circumstances of the corporation. It is strongly recommended that shareholders consult with an attorney specializing in corporate law to create a customized agreement that suits their specific needs.

Lima Arizona Buy-Sell Agreement between Shareholders of Closely Held Corporation is a legal contract that outlines the terms and conditions for the buying and selling of shares in a closely held corporation located in Lima, Arizona. This agreement is crucial for protecting the interests of shareholders and ensuring a smooth transition of ownership in the event of certain triggering events. The purpose of the Lima Arizona Buy-Sell Agreement is to provide a mechanism for shareholders to buy and sell their shares in specific circumstances, such as death, disability, retirement, divorce, bankruptcy, or voluntary departure from the corporation. It helps to maintain stability and continuity within the corporation by regulating the transfer of shares and preventing unwanted third-party ownership. Within the Lima Arizona Buy-Sell Agreement, there are different types or variations that can be tailored according to the specific needs and preferences of the shareholders and the corporation. Some common types include: 1. Cross-Purchase Agreement: In this type, the remaining shareholders have the right to purchase the shares of the departing shareholder. Each shareholder agrees to buy a proportionate share of the departing shareholder's stock, based on their existing ownership percentages. 2. Entity Redemption Agreement: In this type, the corporation itself has the option to repurchase the shares of the departing shareholder. The corporation uses its funds or borrows money to buy back the shares, effectively canceling them. 3. Wait-and-See Agreement: This type allows for flexibility, where the method of purchase (cross-purchase or entity redemption) is decided at the time of the triggering event. The remaining shareholders can choose the most beneficial option based on the circumstances. 4. Hybrid Agreement: This type combines elements of both the cross-purchase and entity redemption agreements. Depending on the specific situation, certain shareholders may be obligated to buy the departing shareholder's shares, while the corporation has the right to purchase any remaining shares. The Lima Arizona Buy-Sell Agreement typically includes essential provisions such as the purchase price or valuation method, funding mechanisms, payment terms, rights of first refusal for existing shareholders, and dispute resolution procedures. It safeguards the interests of all parties involved and provides guidelines for a fair and efficient transaction process. Drafting and implementing a Lima Arizona Buy-Sell Agreement between Shareholders of Closely Held Corporation requires the expertise of legal professionals to ensure compliance with state and federal laws, as well as the unique circumstances of the corporation. It is strongly recommended that shareholders consult with an attorney specializing in corporate law to create a customized agreement that suits their specific 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.