Salt Lake Utah 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: Salt Lake
• 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. Salt Lake City, located in Utah, is the capital and largest city of the state. Known for its stunning mountain views and outdoor recreational activities, it is a popular destination for tourists and outdoor enthusiasts alike. But Salt Lake City is not only a vibrant city, it is also home to various types of businesses, including closely held corporations. When two shareholders of a closely held corporation in Salt Lake City decide to enter into a shareholders' agreement with buy-sell provisions, there are several types of agreements that they might consider. These agreements are designed to outline the rights and obligations of each shareholder, as well as provide a mechanism for the orderly transfer of shares in the event of certain triggering events, such as death, disability, retirement, or voluntary exit. Here are a few types of Salt Lake Utah Shareholders' Agreements that Two Shareholders of a Closely Held Corporation with Buy Sell Provisions might consider: 1. Cross-Purchase Agreement: This type of agreement involves the shareholders agreeing to purchase each other's shares in the event of a triggering event. Each shareholder holds a life insurance policy on the other shareholder and uses the proceeds from the policy to fund the purchase of the deceased shareholder's shares. 2. Stock Redemption Agreement: In this type of agreement, the corporation itself agrees to purchase the shares of a shareholder who experiences a triggering event. The agreement typically provides for the purchase price and the terms of the buyback. 3. Hybrid Agreement: A hybrid agreement is a combination of the cross-purchase and stock redemption agreements. In this type of agreement, some shareholders agree to purchase the shares of a deceased or departing shareholder while the corporation agrees to purchase the shares of other shareholders. 4. Right of First Refusal Agreement: This agreement gives the remaining shareholders the right to purchase the shares of a departing shareholder before they are sold to a third party. It ensures that the shares remain within the control of the existing shareholders. 5. Put-Call Agreement: A put-call agreement is a mechanism that allows one shareholder, known as the "put" holder, to sell their shares at a predetermined price and another shareholder, known as the "call" holder, to buy those shares at the same price. This agreement provides a method for shareholders to agree on a fair valuation for the shares in the event of a triggering event. These different types of Salt Lake Utah Shareholders' Agreements between Two Shareholders of Closely Held Corporation with Buy Sell Provisions offer flexibility and options for shareholders to address their specific needs and goals. It is important for shareholders to consult with legal professionals experienced in corporate law to ensure that the agreement reflects their intended arrangements and complies with applicable laws and regulations.

Salt Lake City, located in Utah, is the capital and largest city of the state. Known for its stunning mountain views and outdoor recreational activities, it is a popular destination for tourists and outdoor enthusiasts alike. But Salt Lake City is not only a vibrant city, it is also home to various types of businesses, including closely held corporations. When two shareholders of a closely held corporation in Salt Lake City decide to enter into a shareholders' agreement with buy-sell provisions, there are several types of agreements that they might consider. These agreements are designed to outline the rights and obligations of each shareholder, as well as provide a mechanism for the orderly transfer of shares in the event of certain triggering events, such as death, disability, retirement, or voluntary exit. Here are a few types of Salt Lake Utah Shareholders' Agreements that Two Shareholders of a Closely Held Corporation with Buy Sell Provisions might consider: 1. Cross-Purchase Agreement: This type of agreement involves the shareholders agreeing to purchase each other's shares in the event of a triggering event. Each shareholder holds a life insurance policy on the other shareholder and uses the proceeds from the policy to fund the purchase of the deceased shareholder's shares. 2. Stock Redemption Agreement: In this type of agreement, the corporation itself agrees to purchase the shares of a shareholder who experiences a triggering event. The agreement typically provides for the purchase price and the terms of the buyback. 3. Hybrid Agreement: A hybrid agreement is a combination of the cross-purchase and stock redemption agreements. In this type of agreement, some shareholders agree to purchase the shares of a deceased or departing shareholder while the corporation agrees to purchase the shares of other shareholders. 4. Right of First Refusal Agreement: This agreement gives the remaining shareholders the right to purchase the shares of a departing shareholder before they are sold to a third party. It ensures that the shares remain within the control of the existing shareholders. 5. Put-Call Agreement: A put-call agreement is a mechanism that allows one shareholder, known as the "put" holder, to sell their shares at a predetermined price and another shareholder, known as the "call" holder, to buy those shares at the same price. This agreement provides a method for shareholders to agree on a fair valuation for the shares in the event of a triggering event. These different types of Salt Lake Utah Shareholders' Agreements between Two Shareholders of Closely Held Corporation with Buy Sell Provisions offer flexibility and options for shareholders to address their specific needs and goals. It is important for shareholders to consult with legal professionals experienced in corporate law to ensure that the agreement reflects their intended arrangements and complies with applicable laws and regulations.

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.