Phoenix Arizona Acuerdo de Accionistas con Acuerdo de Compra-Venta que Otorga a la Corporación el Primer Derecho de Negarse a Comprar las Acciones del Accionista Fallecido si los Beneficiarios del Accionista Fallecido Desean Vender dichas Acciones - Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder should the Beneficiaries of the Deceased Shareholder Desire to Sell such Shares

• Category: Sociedades Anónimas - Acciones - Acuerdos Restrictivos - Alabama
• State: Multi-State
• City: Phoenix
• Control #: US-02629BG
• 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. A Phoenix Arizona Shareholders' Agreement is a legally-binding contract that outlines the terms and conditions between the shareholders of a corporation. When combined with a Buy-Sell Agreement, it provides additional provisions that grant the corporation the first right of refusal to purchase the shares of a deceased shareholder, should the beneficiaries of the deceased shareholder wish to sell the shares. This agreement is crucial for businesses operating in Phoenix, as it protects the corporation's interests and ensures the smooth transfer of ownership in the event of a shareholder's death. By granting the corporation the first right to purchase the shares, it provides stability and safeguards against potential disputes or unwanted external ownership. The Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement includes various types, depending on the specific needs and circumstances of the corporation. Some common types of agreements include: 1. Cross-Purchase Agreement: In this arrangement, the remaining shareholders have the first opportunity to purchase the shares of the deceased shareholder. Each shareholder individually acquires a portion of the shares, resulting in a proportionate increase of ownership for the remaining shareholders. 2. Stock Redemption Agreement: Unlike the cross-purchase agreement, the corporation itself acts as the buyer of the deceased shareholder's shares. The corporation redeems the shares and cancels them, thus increasing the ownership percentage of the remaining shareholders. 3. Hybrid Agreement: This type combines elements of both the cross-purchase and stock redemption agreements. It allows both the corporation and individual shareholders to have the option of purchasing the shares, depending on their preference or financial capability. Regardless of the specific type of agreement, the Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement grants the corporation the first right of refusal to acquire the shares of a deceased shareholder. This provision ensures that the corporation can maintain its control and ownership structure, preventing unwanted third-party shareholders from interfering with the company's operations. The agreement typically includes additional critical provisions, such as valuation methodologies, funding mechanisms, and dispute resolution procedures. These provisions ensure the fair valuation of the shares and establish guidelines for the purchase process to protect both the corporation and the shareholders. In conclusion, a Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder should the Beneficiaries of the Deceased Shareholder Desire to Sell such Shares is a comprehensive legal document that safeguards the interests of the corporation and its shareholders. It provides a framework for the smooth transfer of shares and helps maintain stability and control within the corporation.

A Phoenix Arizona Shareholders' Agreement is a legally-binding contract that outlines the terms and conditions between the shareholders of a corporation. When combined with a Buy-Sell Agreement, it provides additional provisions that grant the corporation the first right of refusal to purchase the shares of a deceased shareholder, should the beneficiaries of the deceased shareholder wish to sell the shares. This agreement is crucial for businesses operating in Phoenix, as it protects the corporation's interests and ensures the smooth transfer of ownership in the event of a shareholder's death. By granting the corporation the first right to purchase the shares, it provides stability and safeguards against potential disputes or unwanted external ownership. The Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement includes various types, depending on the specific needs and circumstances of the corporation. Some common types of agreements include: 1. Cross-Purchase Agreement: In this arrangement, the remaining shareholders have the first opportunity to purchase the shares of the deceased shareholder. Each shareholder individually acquires a portion of the shares, resulting in a proportionate increase of ownership for the remaining shareholders. 2. Stock Redemption Agreement: Unlike the cross-purchase agreement, the corporation itself acts as the buyer of the deceased shareholder's shares. The corporation redeems the shares and cancels them, thus increasing the ownership percentage of the remaining shareholders. 3. Hybrid Agreement: This type combines elements of both the cross-purchase and stock redemption agreements. It allows both the corporation and individual shareholders to have the option of purchasing the shares, depending on their preference or financial capability. Regardless of the specific type of agreement, the Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement grants the corporation the first right of refusal to acquire the shares of a deceased shareholder. This provision ensures that the corporation can maintain its control and ownership structure, preventing unwanted third-party shareholders from interfering with the company's operations. The agreement typically includes additional critical provisions, such as valuation methodologies, funding mechanisms, and dispute resolution procedures. These provisions ensure the fair valuation of the shares and establish guidelines for the purchase process to protect both the corporation and the shareholders. In conclusion, a Phoenix Arizona Shareholders' Agreement with Buy-Sell Agreement Allowing Corporation the First Right of Refusal to Purchase the Shares of Deceased Shareholder should the Beneficiaries of the Deceased Shareholder Desire to Sell such Shares is a comprehensive legal document that safeguards the interests of the corporation and its shareholders. It provides a framework for the smooth transfer of shares and helps maintain stability and control within the 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.