With this Buy-Sell Package, you will find the forms that are necessary for a future sale of a partner’s or shareholder's interest. In a buy-sell agreement, the party contractually limits his or her ability to dispose of his or her interest in the partnership or corporation to the terms of the agreement, and control of the partnership or corporation may be assured.
Included in your package are the following forms:
- Buy-Sell Agreement Between Shareholders of Corp
- Buy-Sell Agreement Between Partners of Partnership
- Non-Compete Agreement Between Buyer and Seller
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance
- Buy-Sell Clauses and Related Material
Detailed information on forms included:
- Buy-Sell Agreement Between Shareholders of Corp. - The purpose of this agreement is to provide for the sale by a stockholder during his/her lifetime, or by a deceased stockholder's estate, and to provide all or a substantial part of the funds for the purchase. The form contains the following provisions: total value of the capital stock, procedure upon the death of a stockholder, and amending procedures for the agreement.
- Buy-Sell Agreement Between Partners of Partnership - This form is an agreement in which the partners are engaged in a particular business and the purpose of this agreement is to provide for the sale by a partner during a partner's lifetime, or by a deceased partner's estate, of his interest in the partnership, and for the purchase of such interest by the partnership at a price fairly established, and to provide all or a substantial part of the funds for the purchase.
- Non-Compete Agreement Between Buyer and Seller- In this form, the seller and purchaser agree not to compete with each other in the specified industry and territory for a certain time period. The form is designed to be adapted to fit your particular needs.
- Buy-Sell Clauses and Related Material - This form is a model adaptable for use in partnership matters, based on an example clause used by a 50-50 general partnership or limited liability company joint venture. Buy-sell device includes an auction procedure. Adapt the form to your specific needs and fill in the information.
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance- This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime.
The Baton Rouge Louisiana Buy Sell Agreements Package is a comprehensive legal document package designed to facilitate the smooth transition of ownership interests in a business located in Baton Rouge, Louisiana. This package includes all the necessary contracts and agreements that outline the terms, conditions, and procedures involved in buying and selling shares in a company. The Baton Rouge Louisiana Buy Sell Agreements Package offers various types of agreements tailored to cater to the unique needs and circumstances of different businesses. These are: 1. Cross-Purchase Agreements: This type of agreement allows the remaining owners or shareholders of a business to purchase the shares of a departing owner or shareholder. It ensures that the ownership interests are transferred to the remaining owners, preventing external parties from acquiring control over the company. 2. Entity Purchase Agreements: In this type of agreement, the business entity itself purchases the shares of a departing owner or shareholder. The entity, often with the help of insurance funding, acquires the shares and distributes them among the remaining owners or shareholders. 3. Wait-and-See Agreements: This agreement combines elements of both cross-purchase and entity purchase agreements. It provides flexibility in allowing the remaining owners or shareholders to decide whether the business entity or the individual owners will purchase the shares of a departing owner or shareholder. 4. One-Way Buyout Agreements: This agreement is designed for businesses with a single owner who wants to ensure a smooth transfer of ownership in the event of their death, disability, or retirement. It allows the owner to designate a buyer for their shares, ensuring the business continuity and protecting the owner's financial interests. The Baton Rouge Louisiana Buy Sell Agreements Package also includes provisions related to the valuation of the business, funding mechanisms for the purchase of shares, trigger events that activate the buy-sell agreement, and dispute resolution procedures. It is specifically tailored to comply with the legal requirements and regulations in Baton Rouge, Louisiana, providing a robust framework for buying and selling shares in local businesses. By utilizing the Baton Rouge Louisiana Buy Sell Agreements Package, business owners in Baton Rouge can achieve peace of mind knowing that their ownership interests are protected and that a clear process is in place for the future transfer of shares. Whether it's a small family-owned business or a large corporation, this comprehensive package ensures a smooth transition of ownership and safeguards the continuity and success of the business.
