Fulton Georgia 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: Fulton
• 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 Fulton, Georgia Buy-Sell Agreement between Two Shareholders of a Closely Held Corporation is a legally binding contract that outlines the terms and conditions for the buying and selling of shares within a corporation. This agreement helps prevent disputes and ensures a smooth transition of ownership in the event of certain triggering events such as death, disability, retirement, or voluntary sale. In Fulton, Georgia, there are several types of Buy-Sell Agreements, including: 1. Cross-Purchase Buy-Sell Agreement: This agreement is established between individual shareholders of a closely held corporation. It allows shareholders to buy each other's shares in case of a triggering event. The remaining shareholder(s) purchase the departing shareholder's shares directly, maintaining the proportional ownership in the company. 2. Entity Purchase (Stock Redemption) Buy-Sell Agreement: This agreement is established between the corporation and its shareholders. In this scenario, the closely held corporation itself agrees to buy back the shares from a departing shareholder, effectively retiring those shares. The remaining shareholder(s) continue to hold their shares in the company. 3. Wait-and-See Buy-Sell Agreement: This agreement allows the remaining shareholders to decide whether they will execute a cross-purchase or entity purchase agreement in the event of a triggering event. The decision is typically based on the most advantageous method for the shareholders and the corporation at that time. 4. Hybrid Buy-Sell Agreement: This agreement combines elements of both cross-purchase and entity purchase agreements. It allows the remaining shareholders and the corporation to have the option to purchase the departing shareholder's shares, providing flexibility based on the specific circumstances. A comprehensive Fulton, Georgia Buy-Sell Agreement may include various provisions to address valuation methods, funding mechanisms, payment terms, non-compete agreements, and dispute resolution procedures. It is crucial for shareholders of closely held corporations to consult with legal professionals experienced in business law and local regulations to customize the agreement based on their specific needs and objectives. By having a Fulton, Georgia Buy-Sell Agreement in place, shareholders can protect their investments, maintain control and stability within the corporation, and ensure a smooth transition of ownership when triggering events occur.

A Fulton, Georgia Buy-Sell Agreement between Two Shareholders of a Closely Held Corporation is a legally binding contract that outlines the terms and conditions for the buying and selling of shares within a corporation. This agreement helps prevent disputes and ensures a smooth transition of ownership in the event of certain triggering events such as death, disability, retirement, or voluntary sale. In Fulton, Georgia, there are several types of Buy-Sell Agreements, including: 1. Cross-Purchase Buy-Sell Agreement: This agreement is established between individual shareholders of a closely held corporation. It allows shareholders to buy each other's shares in case of a triggering event. The remaining shareholder(s) purchase the departing shareholder's shares directly, maintaining the proportional ownership in the company. 2. Entity Purchase (Stock Redemption) Buy-Sell Agreement: This agreement is established between the corporation and its shareholders. In this scenario, the closely held corporation itself agrees to buy back the shares from a departing shareholder, effectively retiring those shares. The remaining shareholder(s) continue to hold their shares in the company. 3. Wait-and-See Buy-Sell Agreement: This agreement allows the remaining shareholders to decide whether they will execute a cross-purchase or entity purchase agreement in the event of a triggering event. The decision is typically based on the most advantageous method for the shareholders and the corporation at that time. 4. Hybrid Buy-Sell Agreement: This agreement combines elements of both cross-purchase and entity purchase agreements. It allows the remaining shareholders and the corporation to have the option to purchase the departing shareholder's shares, providing flexibility based on the specific circumstances. A comprehensive Fulton, Georgia Buy-Sell Agreement may include various provisions to address valuation methods, funding mechanisms, payment terms, non-compete agreements, and dispute resolution procedures. It is crucial for shareholders of closely held corporations to consult with legal professionals experienced in business law and local regulations to customize the agreement based on their specific needs and objectives. By having a Fulton, Georgia Buy-Sell Agreement in place, shareholders can protect their investments, maintain control and stability within the corporation, and ensure a smooth transition of ownership when triggering events occur.

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.