Cross Purchase Buy Sell Agreement Funded With Life Insurance
Category:
State:
Florida
Control #:
FL-P067-PKG
Format:
Word;
Rich Text
Instant download
Description
The Cross Purchase Buy Sell Agreement Funded with Life Insurance is designed to ensure smooth transitions in business ownership upon certain triggering events, such as the death or disability of a shareholder. This form allows existing shareholders to purchase the interest of the departing or deceased shareholder, and the purchase can be funded through life insurance policies taken out on the lives of the shareholders. Key features include provisions for determining stock value, the purchasing process during specific events, and funding methods. The form is intended to help businesses maintain stability and continuity, making it indispensable for partnerships and closely held corporations. It includes user-friendly instructions for filling and editing, detailing the use of form fields for digital completion. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form valuable for planning and executing buy-sell agreements effectively, ensuring all parties are clear on their rights and obligations.
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In conclusion, creating a cross purchase buy sell agreement funded with life insurance is simple with US Legal Forms. Start ensuring your business’s future today by accessing their services!