Business Buyout Agreements

Business Buyout Agreements

A Step-by-step Guide for Co-owners

Book - 2007
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Nolo Press
Everything partners need to create a "business prenup" that will protect a business if someone leaves.

If you're like many entrepreneurs, being in business means working with one or more co-owners.

Business Buyout Agreements walks you through the creation of a legal contract -- a sort of "premarital agreement" for your business -- that protects everyone's interests. This document will help ensure a smooth transition following someone's departure.

Business Buyout Agreements is updated with the latest laws, and includes a complete business buyout agreement on CD-ROM.

Nolo
Everything partners need to create a buy-out agreement that will protect a business if someone leaves.For many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner: • wants out of the business? • wants to retire? • goes through personal bankruptcy? • wants to sell his shares to someone else? • goes through a divorce? • passes away? To make sure there's a smooth transition following someone's departure, it's essential to create a sort of "premarital agreement" for your business with a "business buyout agreement" (or "buy-sell agreement"). This legal document clarifies when co-owners can sell their interest, the circumstances when someone must sell, who can buy into the business and what price will be paid.The updated 4th edition of Business Buyout Agreements features a simplified approach to creating an agreement and walks you through creating your own contract, which is included on CD-ROM and as a tear-out.

Publisher: Berkeley, CA : Nolo, 2007
Edition: 4th ed
ISBN: 1413306489
9781413306484 (pbk.)
Branch Call Number: 346.730652 MAN 2007
Characteristics: 336 p. : forms ; 23 cm. + 1 CD-ROM (4 3/4 in.)
Additional Contributors: Laurence, Bethany K. 1968-

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