Albuquerque New Mexico Buy-Sell Agreement between Shareholders of Closely Held Corporation
Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-02462BG
Format:
Word;
PDF;
Rich Text
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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.
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