Business Buyout Agreements

It happens to any business that's owned by more than one person: Sooner or later, one or more owners will want or need to leave the business. What happens to the company if one co-owner wants to retire, files for bankruptcy, or goes through a divorce? Unless one plans in advance, it could threaten the survival of the business. It's essential that business co-owners create a simple but effective buyout agreement (buy-sell agreement). This document clarifies: when co-owners can sell ownership interests; the circumstances requiring an owner to sell (personal bankruptcy, for example); how much departing owners can ask for their shares; and how long continuing owners have to pay the former owner. The 8th edition of Business Buyout Agreements walks the readerthrough the creation of a legal agreement-before issues come up and cause problems. It provides all the tax and legal information needed at every step, such as how to structure the agreement to avoid estate taxes--