Business Buyout Agreements: Plan Now for Retirement, Death, Divorce or Owner Disagreements / Edition 5

Business Buyout Agreements: Plan Now for Retirement, Death, Divorce or Owner Disagreements / Edition 5

by Bethany K. Laurence, Anthony Mancuso
     
 


To ensure a smooth transition following the departure of a partner, it's important that business owners in LLCs, corporations and partnerships write a buysell agreement at the start of their relationship. This book carefully explains each step of the process, providing all the tax and legal information an owner needs to draft a buysell agreement. The only book of… See more details below

Overview


To ensure a smooth transition following the departure of a partner, it's important that business owners in LLCs, corporations and partnerships write a buysell agreement at the start of their relationship. This book carefully explains each step of the process, providing all the tax and legal information an owner needs to draft a buysell agreement. The only book of its kind to address the lay reader, it includes an interactive, fillintheblank agreement on CDROM.

Product Details

ISBN-13:
9781413311952
Publisher:
NOLO
Publication date:
07/12/2010
Edition description:
Fifth Edition
Pages:
350
Product dimensions:
9.10(w) x 7.16(h) x 0.73(d)

Table of Contents

1An Overview of Buyout Agreements
AWhat Is a Buy-Sell, or Buyout, Agreement?3
BWhy Should You Create a Buyout Agreement?4
CWhen Should You Create a Buyout Agreement?8
DHow to Use This Book9
2Limiting the Transfer of Ownership Interests
ATransferring Ownership Interests2
BRight of First Refusal2
CAbsolute Transfer Restrictions11
3Providing the Right to Force Buyouts
AWhy Provide the Right to Force the Sale of an Ownership Interest?3
BWhat If an Owner Wants to Retire or Stop Working?5
CWhat If an Owner Becomes Mentally or Physically Disabled?13
DWhat If an Owner Dies?18
EWhat If an Owner Divorces?26
FWhat If an Owner Loses His or Her Professional License?29
GWhat If an Owner Files for Personal Bankruptcy?31
HWhat If an Owner Defaults on a Personal Loan?33
IWhat If an Owner Is Expelled?35
4Structuring Buyouts
ATypes of Buyout Procedures2
BHow Our "Wait and See" Approach Works5
5Funding Buyouts
ACash2
BBorrowing2
CInsurance3
6How to Set the Buyback Price in Your Agreement
AWhy Choose a Price in Advance?2
BWhat Valuation Methods Are Based On3
CHow Our Valuation Provisions Work5
DAgreeing on a Fixed Buyout Price (Valuation Method 1)6
EBuyout Formulas9
7Choosing Payment Terms for Buyouts
ABalancing the Interests of Buyer and Seller2
BLump-Sum Cash Payments3
CEqual Payments Under an Installment Plan4
DCombined Cash and Installment Payments4
EInterest-Only Installment Payments6
FCustomized Schedules of Payments7
8Completing and Updating Your Buyout Agreement
AFinalizing Your Buyout Agreement2
BResolving Buyout Disputes6
CBinding All Future Owners Under Your Buyout Agreement12
DUpdating Your Buyout Agreement in the Future13
EPlacing a Legend on Your Ownership Certificates14
9Income and Estate Tax Issues
ABuyout Income Tax Issues2
BBuyout Estate Tax Issues11
10Lawyers, Tax Specialists and Resources
AHow to Find the Right Lawyer2
BFinding the Right Tax Advisor4
CResources5
Appendixes
AHow to Use the CD-ROM
AInstalling the Form Files Onto Your Computer2
BUsing the Word Processing Files to Create Documents2
CFiles Included on the Forms CD4
BBuyout Worksheet
CBuyout Agreement

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