Sale Of Shares Agreement With Company In Bexar
Description
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FAQ
Key components of a Share Sale Agreement Identification of Buyer and Seller: Full names and addresses, ensuring the agreement's legality. Representations and Warranties: Essential clauses that protect the buyer from potential undisclosed liabilities. Dividends: Clarity on the allocation of dividends pre- and post-sale.
Public company employees and investors can sell company shares through a broker. To sell private company stock—because it represents a stake in a company that is not listed on any exchange—the shareholder must find a willing buyer.
If you're an individual investor you cannot buy shares of private stock, but you can sell them. In most cases, the easiest option is to sell your shares of stock back to the company that issued them. Otherwise, you can find a broker who will help you find a buyer and conduct this transaction.
A shareholder cannot typically force another shareholder to sell their shares unless there is a contractual obligation entitling them to do so. For example, if there is a provision enabling such a sale in the company's Articles of Association, Shareholder Agreement or another valid contract.
The answer is usually no, but there are vital exceptions. Shareholders have an ownership interest in the company whose stock they own, and companies can't generally take away that ownership.
First, contact the company to obtain permission to sell your shares. Also, you'll need agreement on the manner of sale. The company can provide you with a valuation of its stock. Next, you'll need to find a buyer.
Our fees for preparing and drafting a shareholders' agreement start at £1,250 plus VAT. A Shareholders' Agreement helps protect the legal rights of all shareholders in a business and aims to ensure everyone is treated fairly.
