San Diego California 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: San Diego
• 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. San Diego, California, is a vibrant coastal city known for its stunning beaches, perfect weather, and rich cultural heritage. Located in Southern California, San Diego offers a plethora of attractions, including the world-famous San Diego Zoo, the beautiful Balboa Park, and the historic Gas lamp Quarter. With its diverse neighborhoods, thriving culinary scene, and an abundance of outdoor recreational activities, San Diego has something for everyone. A San Diego California 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 obligations of two shareholders in a closely held corporation based in San Diego. This agreement aims to establish clear guidelines and procedures for the operation and management of the corporation, ensuring fair treatment for both shareholders and protecting their respective interests. The shareholders' agreement typically includes provisions related to the transfer of shares between the shareholders, commonly referred to as buy-sell provisions. These provisions define the circumstances under which a shareholder can sell their shares and outline the process for the sale, including valuation methods and any required approvals. There can be different types of San Diego California Shareholders' Agreements with Buy-Sell Provisions, some of which include: 1. Cross-Purchase Agreement: This type of agreement allows each shareholder to purchase the shares of the other shareholder, usually in the event of death, disability, retirement, or other predetermined triggering events. The remaining shareholder(s) use their personal funds to buy the shares in proportion to their ownership percentage. 2. Redemption Agreement: In this type of agreement, the corporation itself has the option or obligation to purchase the shares of a shareholder who wishes to sell, or in the event of certain triggering events. The corporation typically uses its own funds or seeks financing to buy the shares. 3. Hybrid Agreement: A hybrid agreement combines elements of both the cross-purchase and redemption agreements. The shareholders can choose to purchase the shares individually or allow the corporation to buy the shares, depending on the specific triggering event and circumstances. 4. Put-Call Agreement: A put-call agreement gives one shareholder (holder of the put option) the right to sell their shares at a predetermined price, while the other shareholder (holder of the call option) has the right to buy those shares. This type of agreement offers flexibility and allows for a potentially efficient transfer of shares. It is essential for shareholders in a closely held corporation to draft a comprehensive shareholders' agreement that suits their specific needs and protects their interests. Seeking legal advice while creating such an agreement is highly recommended ensuring compliance with relevant laws and regulations and to address any unique considerations specific to San Diego, California.

San Diego, California, is a vibrant coastal city known for its stunning beaches, perfect weather, and rich cultural heritage. Located in Southern California, San Diego offers a plethora of attractions, including the world-famous San Diego Zoo, the beautiful Balboa Park, and the historic Gas lamp Quarter. With its diverse neighborhoods, thriving culinary scene, and an abundance of outdoor recreational activities, San Diego has something for everyone. A San Diego California 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 obligations of two shareholders in a closely held corporation based in San Diego. This agreement aims to establish clear guidelines and procedures for the operation and management of the corporation, ensuring fair treatment for both shareholders and protecting their respective interests. The shareholders' agreement typically includes provisions related to the transfer of shares between the shareholders, commonly referred to as buy-sell provisions. These provisions define the circumstances under which a shareholder can sell their shares and outline the process for the sale, including valuation methods and any required approvals. There can be different types of San Diego California Shareholders' Agreements with Buy-Sell Provisions, some of which include: 1. Cross-Purchase Agreement: This type of agreement allows each shareholder to purchase the shares of the other shareholder, usually in the event of death, disability, retirement, or other predetermined triggering events. The remaining shareholder(s) use their personal funds to buy the shares in proportion to their ownership percentage. 2. Redemption Agreement: In this type of agreement, the corporation itself has the option or obligation to purchase the shares of a shareholder who wishes to sell, or in the event of certain triggering events. The corporation typically uses its own funds or seeks financing to buy the shares. 3. Hybrid Agreement: A hybrid agreement combines elements of both the cross-purchase and redemption agreements. The shareholders can choose to purchase the shares individually or allow the corporation to buy the shares, depending on the specific triggering event and circumstances. 4. Put-Call Agreement: A put-call agreement gives one shareholder (holder of the put option) the right to sell their shares at a predetermined price, while the other shareholder (holder of the call option) has the right to buy those shares. This type of agreement offers flexibility and allows for a potentially efficient transfer of shares. It is essential for shareholders in a closely held corporation to draft a comprehensive shareholders' agreement that suits their specific needs and protects their interests. Seeking legal advice while creating such an agreement is highly recommended ensuring compliance with relevant laws and regulations and to address any unique considerations specific to San Diego, California.

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.