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

Primerica Shareholder Services Transfer Form In Washington

Category:

Contracts - Buy Sell - Stock Purchases

State:

Multi-State

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 Washington is a vital document for managing the transfer of stock ownership within a corporation. The form is designed to facilitate the sale of stock by a shareholder during their lifetime or by their estate upon their death, ensuring an orderly transition of ownership. Key features of the form include provisions for valuation of the stock, rights of first refusal for existing shareholders, and specific mandates for payment terms upon transfer. Filling out the form requires accurate completion with share quantities, personal details of the shareholders, and adherence to state-specific legal guidelines. Legal professionals such as attorneys, partners, and associates can utilize this form to solidify agreements and protect their clients' interests in corporate ownership transfers. Paralegals and legal assistants can assist in the completion and filing of the form, ensuring that all required schedules regarding share values and insurance policies are updated and attached. This form is particularly useful in estate planning and business continuity strategies, making it indispensable for corporate governance and risk 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

Stipulated Protective Order

View this form

Sample Letter to Client Instructing on Ans...

View this form

Bid Proposal form for Construction of Buil...

View this form

Equity Share Agreement

View this form

Contingency Fee Agreement with an Attorney...

View this form

Insurance and Liability Coverage Due Dilig...

View this form

Drainage Contract for Contractor

View this form

Boarding Stable Agreement - Horse Equine F...

View this form

Florida Subcontractors Package

View this form

Commercial Lease - Long Form

View this form

Form popularity

FAQ

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.

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.

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.

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

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.

By Phone. To obtain fund or account information, or to speak with a Customer Service Representative, please dial 1-800-544-5445. International callers outside the United States may call 770-381-1000.

Agreement form for tailoring in Massachusetts

View this form

Agreement form for tailoring in Middlesex

View this form

Agreement form for tailoring in Pennsylvania

View this form

Agreement form for tailoring in Philadelphia

View this form

Agreement form for tailoring in Allegheny

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 Washington

This form is part of a form package!

Description

Related forms

Viewed forms

Form popularity

FAQ

How to get out of Primerica?

How to transfer funds out of Primerica?

What is the fax number for Primerica shareholder services?

What is the phone number for Primerica rollover?

How do I withdraw from my Primerica shareholder account?

How do I contact Primerica shareholder services?

Explore more forms

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

Primerica Shareholder Services Transfer Form In Washington

This form is part of a form package!

Description

Related forms

Viewed forms

Form popularity

FAQ

How to get out of Primerica?

How to transfer funds out of Primerica?

What is the fax number for Primerica shareholder services?

What is the phone number for Primerica rollover?

How do I withdraw from my Primerica shareholder account?

How do I contact Primerica shareholder services?

Primerica Shareholder Services Transfer Form In Washington Related Searches

Explore more forms

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