This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Business Buyout Agreement With Investor In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
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Learn how to initiate a buyout agreement effectively with this comprehensive guide. When drafting a buyout agreement, you should be sure to address specifics pertaining to your business and what will happen upon the departure of an owner.Our experienced attorneys work closely with clients to draft buy-sell agreements that fairly protect both the business and the share's value upon departure. Buying out a business partner is a complicated process. You must pay the Real Property Transfer Tax (RPTT) on sales, grants, assignments, transfers or surrenders of real property in New York City. A buyout agreement is a binding contract between business partners that discusses buyout details when one partner decides to leave a business. The Law Office of Phil Napolitano provides residential real estate counsel to clients throughout New York and the Bronx. When you are included in the lien sale, the City of New York sells your debt to an authorized buyer. The buyer then has the right to collect what you owe.