US Legal Forms
Forms Kit
Shareholder
Multi-State
Buy Sell Agreement Between Shareholders and a Corporation

Primerica Shareholder Services Transfer Form In Bexar

Category:

Contracts - Buy Sell - Stock Purchases

State:

Multi-State

County:

Bexar

Control #:

US-00442

Format:

Instant download

This form is part of a form package!

Get all related documents in one bundle, so you don’t have to search separately.

View package

Description

The Primerica shareholder services transfer form in Bexar facilitates the transfer of shares among shareholders of a corporation, ensuring that the process is smooth and legal. This form is crucial for corporate stakeholders, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it outlines the obligations and rights of each party in the event of a stockholder's sale or death. It includes sections for detailing share ownership, transfer procedures, and price determinations, making it clear how to value shares and execute the transfer process. Users are instructed to provide written notice for any intended sales and specify terms, with the corporation having the first right of refusal. Filling out the form requires attention to detail, particularly in recording share values and insurance policies. Legal representatives can utilize this form to manage stock ownership transitions effectively, ensuring compliance with corporate bylaws and protecting shareholder interests. The form encourages clear communication, timely processing of share transfers, and helps avoid potential disputes. By serving as a guideline for all involved parties, it ensures an organized approach to corporate stock management.

Bona fide job offer meaning

View this form

Agreement between shareholders for 2014 is

View this form

Business shares for sale

View this form

Telecommuting Policy

View this form

Comprehensive Agreement for Design Services

View this form

Instructional Design ADDIE

View this form

Personal Care Service Agreement - Caregive...

View this form

Credit Agreement

View this form

Basic Lease Amendment

View this form

Controlled Substances - Conspiracy

View this form

Sample Letter for Agreement - General

View this form

New Construction Contract

View this form

Sample Letter for Answer and Counterclaim

View this form

Form popularity

FAQ

If you submit an additional investment for a fund that has merged to another fund, Primerica Shareholder Services (PSS) may make your investment in the new merged fund. Your investments may continue to be invested in the new merged fund unless you notify PSS otherwise.

How to Redeem from My Account Sign on to Primerica Shareholder Services (see link below). If you have multiple accounts, click on the desired account number from your Account List; if you have a single registration skip to the next step. Click on the "Redeem" link on the left of the Account Holdings screen.

Internet Log on at .shareholder.primerica to redeem funds online using PSS' Shareholder Account Manager tool. Systematic Withdrawal Plan A Systematic Withdrawal Plan (SWP) provides you with a convenient method to redeem shares on a regular basis for a pre-determined dollar or share amount.

Step 1. Get the details on existing coverage. Step 2. Get a broker to shop similar coverage in the market. Step 3. Apply for coverage with another carrier (that offers conversion in future). Step 4. Once approved and you accept the new coverage, you then cancel the Primerica.

To obtain fund or account information, or to speak with a Customer Service Representative, please dial 1-800-544-5445.

FAX SERVICE: If your request does not require a signature guarantee, additional documentation or other fund requirements, you may fax this request to 833-748-3938.

Agreement form for land sale in San Bernardino

View this form

Agreement form for land sale in Santa Clara

View this form

Agreement form for land sale in Alameda

View this form

Agreement form for land sale in Contra Costa

View this form

Agreement form for land sale in Sacramento

View this form

Trusted and secure by over 3 million people of the world’s leading companies

Buy Sell Agreement Between Shareholders and a Corporation

BUY-SELL AGREEMENTS

Introduction

A buy-sell (business purchase) agreement is an agreement between the owners of the business for purchase of each others interest in the business. The buy-sell can be triggered in the event of the owner's death, disability, retirement, withdrawal from the business or other events.

Reasons For The Agreement

Establish the value of the business for federal and state death tax purposes.

Unwilling to continue the business with the family of a deceased co-owner.

Prevent all or part of the business from falling into the hands of "outsiders."

The Agreement Basics

The agreement provides for the purchase price, terms and funding arrangements. The agreement obligates the retiring or disabled owner or owner's estate to sell the business to the business itself, or to the surviving owner(s), or maybe an option of either.

Types Of Agreements

The Buy-Sell agreements can take several forms, such as:

An agreement between the business and the individual owners (stock redemption agreement or stock retirement plan).

An agreement between the owners (a cross purchase or "criss-cross" agreement).

An agreement between the owners and key person, family member or outside individual (a "third party" business buy-out agreement).

A combination of the foregoing.

Basically, these are either a Cross Purchase Plan or Entity Purchase Plan.

Cross Purchase Agreement

Each partner agrees with each of the other partners to purchase his or her share of the business at the time of death. The Partners may take out a life insurance policy on the life of the other(s) to fund the obligation. At the time of the first death, the surviving partner(s) collects the insurance proceeds. The survivor then uses the insurance proceeds to buy the business share from the deceased's family. This type agreement can be used with two or more partners.

Entity Purchase Plan

Each partner agrees that upon death his or her share of the business will be sold back to the business. The business may buy life insurance policies on each of the partners to fund the obligation. At the death of a partner, the business collects the insurance proceeds and buys the business interest from the deceased partner's heirs.

Transfer Restrictions

The agreements commit the owners not to sell ownership in the business prior to death, without first offering it to the persons named in the agreement. This is called a right of first option or refusal.

Life Insurance to Fund the Agreement

Whole life insurance has generally been used to fund a buy-sell agreement.

The life insurance industry also offers "Business Value Life Insurance" with a death benefit determined by the value of the business rather than the terms of the policy. The death benefit can grow as the value of the business grows. Premiums may also be higher as the death benefit increases.

Purchase Price

The purchase price can be based on an appraisal, set predetermined price, book value, or a formula of assets and earnings.

Payment Terms

Agreements may provide that the price will be paid in cash, in installments, or other means. You may also select a combination of cash and installments. Of course, if the insurance proceeds are sufficient to pay the price in cash many agreements provide that the purchase is to be paid in full in cash from the insurance proceeds.

Buy Sell Agreement Between Shareholders and a Corporation

BUY-SELL AGREEMENTS

Introduction

Reasons For The Agreement

Establish the value of the business for federal and state death tax purposes.

Unwilling to continue the business with the family of a deceased co-owner.

Prevent all or part of the business from falling into the hands of "outsiders."

The Agreement Basics

Types Of Agreements

The Buy-Sell agreements can take several forms, such as:

An agreement between the business and the individual owners (stock redemption agreement or stock retirement plan).

An agreement between the owners (a cross purchase or "criss-cross" agreement).

An agreement between the owners and key person, family member or outside individual (a "third party" business buy-out agreement).

A combination of the foregoing.

Basically, these are either a Cross Purchase Plan or Entity Purchase Plan.

Cross Purchase Agreement

Entity Purchase Plan

Transfer Restrictions

Life Insurance to Fund the Agreement

Whole life insurance has generally been used to fund a buy-sell agreement.

Purchase Price

The purchase price can be based on an appraisal, set predetermined price, book value, or a formula of assets and earnings.

Payment Terms

Primerica Shareholder Services Transfer Form In Bexar

This form is part of a form package!

Description

Related forms

Viewed forms

Form popularity

FAQ

What is Primerica shareholder services abbreviation?

How do I withdraw from my Primerica shareholder account?

How to transfer funds out of Primerica?

How to get out of Primerica?

How do I contact Primerica shareholder services?

What is the phone number for Primerica rollover?

What is the fax number for Primerica shareholder services?

Explore more forms

Trusted and secure by over 3 million people of the world’s leading companies