Bronx New York Acuerdo de compra-venta entre dos accionistas de sociedad anónima cerrada - Buy-Sell Agreement between Two Shareholders of Closely Held Corporation

• Category: Sociedades Anónimas - Contratos - Fusiones
• State: Multi-State
• County: Bronx
• Control #: US-02553BG
• 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. A Bronx New York Buy-Sell Agreement between two shareholders of a closely held corporation is a legally binding document that outlines the terms and conditions for the purchase or sale of shares in a company. This agreement is crucial for protecting the interests of both shareholders and ensuring the smooth transition of ownership in the event of certain triggering events, such as the death, disability, retirement, or voluntary departure of a shareholder. The purpose of a Bronx New York Buy-Sell Agreement is to establish a fair and orderly process for the transfer of shares within a closely held corporation, preventing potential disputes and maintaining stability within the business. It sets forth the agreed-upon terms for the valuation of shares, the mechanisms for the transmission of ownership, and the implementation of necessary financial arrangements. Additionally, it may incorporate various types of agreements to meet the unique needs of the shareholders and corporation involved. There are different types of Bronx New York Buy-Sell Agreements designed to address the specific circumstances and objectives of the closely held corporation. Some common variations include: 1. Cross-Purchase Agreement: In this type of agreement, each shareholder agrees to buy the shares of the departing or deceased shareholder. This approach allows for direct transactional arrangements among the remaining shareholders, usually in proportion to their existing ownership. 2. Stock Redemption Agreement: This agreement involves the corporation repurchasing the shares of the departing or deceased shareholder. The corporation typically uses funds provided by the surviving or remaining shareholders to finance the buyout. 3. Hybrid Agreement: A hybrid agreement combines elements of both the cross-purchase and stock redemption agreements. It provides flexibility by allowing the remaining shareholders and the corporation to jointly execute the buyout. Bronx New York Buy-Sell Agreements should include comprehensive provisions regarding the terms of payment, valuation methods, dispute resolution mechanisms, and confidentiality obligations. Appropriate triggers for the activation of the agreement should also be clearly defined to ensure proper execution during triggering events. In summary, a Bronx New York Buy-Sell Agreement between two shareholders of a closely held corporation is a vital legal tool that safeguards the rights and interests of shareholders in transferring ownership. By structuring a well-defined agreement with the appropriate provisions and selecting the most suitable type of agreement—such as cross-purchase, stock redemption, or hybrid—shareholders can establish a fair and efficient process for the smooth transition of ownership within their corporation.

A Bronx New York Buy-Sell Agreement between two shareholders of a closely held corporation is a legally binding document that outlines the terms and conditions for the purchase or sale of shares in a company. This agreement is crucial for protecting the interests of both shareholders and ensuring the smooth transition of ownership in the event of certain triggering events, such as the death, disability, retirement, or voluntary departure of a shareholder. The purpose of a Bronx New York Buy-Sell Agreement is to establish a fair and orderly process for the transfer of shares within a closely held corporation, preventing potential disputes and maintaining stability within the business. It sets forth the agreed-upon terms for the valuation of shares, the mechanisms for the transmission of ownership, and the implementation of necessary financial arrangements. Additionally, it may incorporate various types of agreements to meet the unique needs of the shareholders and corporation involved. There are different types of Bronx New York Buy-Sell Agreements designed to address the specific circumstances and objectives of the closely held corporation. Some common variations include: 1. Cross-Purchase Agreement: In this type of agreement, each shareholder agrees to buy the shares of the departing or deceased shareholder. This approach allows for direct transactional arrangements among the remaining shareholders, usually in proportion to their existing ownership. 2. Stock Redemption Agreement: This agreement involves the corporation repurchasing the shares of the departing or deceased shareholder. The corporation typically uses funds provided by the surviving or remaining shareholders to finance the buyout. 3. Hybrid Agreement: A hybrid agreement combines elements of both the cross-purchase and stock redemption agreements. It provides flexibility by allowing the remaining shareholders and the corporation to jointly execute the buyout. Bronx New York Buy-Sell Agreements should include comprehensive provisions regarding the terms of payment, valuation methods, dispute resolution mechanisms, and confidentiality obligations. Appropriate triggers for the activation of the agreement should also be clearly defined to ensure proper execution during triggering events. In summary, a Bronx New York Buy-Sell Agreement between two shareholders of a closely held corporation is a vital legal tool that safeguards the rights and interests of shareholders in transferring ownership. By structuring a well-defined agreement with the appropriate provisions and selecting the most suitable type of agreement—such as cross-purchase, stock redemption, or hybrid—shareholders can establish a fair and efficient process for the smooth transition of ownership within their corporation.

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.