Bronx New York Acuerdo de Accionistas entre Dos Accionistas de una Sociedad Anónima Cerrada con Disposiciones de Compra-Venta - Shareholders' Agreement between Two Shareholders of Closely Held Corporation with Buy Sell Provisions

• Category: Sociedades Anónimas - Acciones - Acuerdos Restrictivos - Alabama
• State: Multi-State
• County: Bronx
• Control #: US-02569BG
• 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. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. Bronx, New York, is a vibrant and culturally diverse borough located in the northeastern part of New York City. As the third most populous borough, it provides its residents with a rich urban experience, combined with a strong sense of community. Known for its rich history, iconic landmarks, and diverse neighborhoods, Bronx offers a unique blend of opportunities for both residents and visitors. A Shareholders' Agreement between Two Shareholders of a Closely Held Corporation with Buy Sell Provisions is a legally binding contract that outlines the rights, responsibilities, and expectations of shareholders in a closely held corporation. This agreement specifically addresses the buy-sell provisions, which pertain to the circumstances under which a shareholder may sell or transfer their shares, and the procedures for doing so. There are different types of Shareholders' Agreements that can be used between two shareholders of a closely held corporation with buy-sell provisions: 1. Standard Shareholders' Agreement: This is a comprehensive agreement that covers various aspects of shareholder rights, including buy-sell provisions. It establishes the procedures for selling shares, determining the price, and ensuring fair treatment between shareholders. 2. Put Option Agreement: This type of agreement grants a shareholder the right to sell their shares to the other shareholder(s) at a predetermined price or formula within a specified time frame. It can be beneficial when one shareholder wants to exit the business or if there is a disagreement between shareholders. 3. Call Option Agreement: In contrast to the Put Option Agreement, this agreement gives a shareholder the right to purchase the shares of the other shareholder(s) at a predetermined price or formula within a specified time frame. It can be useful when a shareholder wants to increase their ownership or to resolve disputes. 4. Cross-Purchase Agreement: This arrangement involves each shareholder agreeing to purchase the shares of the other shareholder(s) upon certain triggering events, such as death, disability, retirement, or voluntary withdrawal. This helps ensure a smooth transition of ownership in the event of unforeseen circumstances. 5. Stock Redemption Agreement: With this agreement, the corporation agrees to repurchase the shares of a shareholder upon certain triggering events, similar to a Cross-Purchase Agreement. It provides liquidity for the exiting shareholder(s) without requiring the remaining shareholder(s) to purchase the shares. In summary, a Shareholders' Agreement between Two Shareholders of a Closely Held Corporation with Buy Sell Provisions is a vital agreement that outlines the rights and obligations of shareholders in a closely held corporation. By utilizing different types of agreements like Standard, Put Option, Call Option, Cross-Purchase, or Stock Redemption, shareholders can establish a clear framework for the sale and transfer of shares, ensuring a fair and efficient process in Bronx, New York, and beyond.

Bronx, New York, is a vibrant and culturally diverse borough located in the northeastern part of New York City. As the third most populous borough, it provides its residents with a rich urban experience, combined with a strong sense of community. Known for its rich history, iconic landmarks, and diverse neighborhoods, Bronx offers a unique blend of opportunities for both residents and visitors. A Shareholders' Agreement between Two Shareholders of a Closely Held Corporation with Buy Sell Provisions is a legally binding contract that outlines the rights, responsibilities, and expectations of shareholders in a closely held corporation. This agreement specifically addresses the buy-sell provisions, which pertain to the circumstances under which a shareholder may sell or transfer their shares, and the procedures for doing so. There are different types of Shareholders' Agreements that can be used between two shareholders of a closely held corporation with buy-sell provisions: 1. Standard Shareholders' Agreement: This is a comprehensive agreement that covers various aspects of shareholder rights, including buy-sell provisions. It establishes the procedures for selling shares, determining the price, and ensuring fair treatment between shareholders. 2. Put Option Agreement: This type of agreement grants a shareholder the right to sell their shares to the other shareholder(s) at a predetermined price or formula within a specified time frame. It can be beneficial when one shareholder wants to exit the business or if there is a disagreement between shareholders. 3. Call Option Agreement: In contrast to the Put Option Agreement, this agreement gives a shareholder the right to purchase the shares of the other shareholder(s) at a predetermined price or formula within a specified time frame. It can be useful when a shareholder wants to increase their ownership or to resolve disputes. 4. Cross-Purchase Agreement: This arrangement involves each shareholder agreeing to purchase the shares of the other shareholder(s) upon certain triggering events, such as death, disability, retirement, or voluntary withdrawal. This helps ensure a smooth transition of ownership in the event of unforeseen circumstances. 5. Stock Redemption Agreement: With this agreement, the corporation agrees to repurchase the shares of a shareholder upon certain triggering events, similar to a Cross-Purchase Agreement. It provides liquidity for the exiting shareholder(s) without requiring the remaining shareholder(s) to purchase the shares. In summary, a Shareholders' Agreement between Two Shareholders of a Closely Held Corporation with Buy Sell Provisions is a vital agreement that outlines the rights and obligations of shareholders in a closely held corporation. By utilizing different types of agreements like Standard, Put Option, Call Option, Cross-Purchase, or Stock Redemption, shareholders can establish a clear framework for the sale and transfer of shares, ensuring a fair and efficient process in Bronx, New York, and beyond.

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.