Washington Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse

State:
Multi-State
Control #:
US-0391BG
Format:
Word; 
Rich Text
Instant download

Description

This type of stock purchase and transfer agreements may be between the corporation and the shareholders. Such an agreement is also referred to as a redemption agreement. If this type of agreement is among the shareholders, it is often referred to as a cross purchase agreement.
Free preview
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse

How to fill out Shareholders Buy Sell Agreement Of Stock In A Close Corporation With Agreement Of Spouse?

It is feasible to spend time online seeking the legal document template that meets the state and federal requirements you desire.

US Legal Forms offers numerous legal forms that can be reviewed by specialists.

You can conveniently download or print the Washington Shareholders Buy Sell Agreement of Stock in a Close Corporation with Spouse Agreement from our service.

Initially, make sure you have selected the correct document template for the region/city of your choice.

  1. If you have a US Legal Forms account, you can Log In and then click the Download button.
  2. After that, you can fill out, modify, print, or sign the Washington Shareholders Buy Sell Agreement of Stock in a Close Corporation with Spouse Agreement.
  3. Every legal document template you obtain is yours indefinitely.
  4. To acquire another copy of a purchased form, visit the My documents tab and click the appropriate button.
  5. If you are using the US Legal Forms website for the first time, follow the simple instructions below.

Form popularity

FAQ

Cross-purchase agreements allow remaining owners to buy the interests of a deceased or selling owner. Redemption agreements require the business entity to buy the interests of the selling owner.

sell agreement establishes the fair value of a person's share in the business, which comes in handy if a partner wants to remain in the company after another partner's exit. This helps forestall disagreements about whether a buyout offer is fair since the agreement establishes these figures ahead of time.

The sale of the shares may be accomplished in two very different ways. First, each shareholder can agree to purchase, pro rata or otherwise, all the stock being sold. This is called a "cross purchase" of stock.

Some of the common triggers include death, disability, retirement or other termination of employment, the desire to sell an interest to a non-owner, dissolution of marriage or domestic partnership, bankruptcy or insolvency, disputes among owners, and the decision by some owners to expel another owner.

The buy and sell agreement is also known as a buy-sell agreement, a buyout agreement, a business will, or a business prenup.

Definition. 1. A buy-sell agreement is an agreement among the owners of the business and the entity. 2. The buy-sell agreement usually provides for the purchase and sale of ownership interests in the business at a price determined in accordance with the agreement, upon the occurrence of certain (usually future) events.

Entity-purchase agreement Under an entity-purchase plan, the business purchases an owner's entire interest at an agreed-upon price if and when a triggering event occurs. If the business is a corporation, the plan is referred to as a stock redemption agreement.

Buy-sell agreements, also called buyout agreements and shareholder agreements, are legally binding documents between two business partners that govern how business interests are treated if one partner leaves unexpectedly.

The four types of buy sell agreements are:Cross-purchase agreement.Entity purchase agreement.Wait-and-See.Business-continuation general partnership.

In a cross-purchase agreement, one or more of the remaining shareholders agrees to purchase the stock from the estate of a deceased shareholder or from the departing shareholder.

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

Washington Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse