Buy-Sell Agreements (EPUB)

This is intended for an American audience.

ISBN: 978-1-77040-814-2

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If you are starting a business or already one of the owners of a business, you need a legal buy-sell agreement! This book tells you why, and how to get one.

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Many business owners rarely think about the day when their business arrangement may change or even end; however, the fact remains that in every business with more than one owner, buy-sell agreements are extremely important documents to consider. Unfortunately, they are often overlooked in a business plan. Don't wait until a tragedy or conflict arises! Buy-Sell Agreements gives you everything you need to create a legal agreement that protects both the business and the interests of all partners involved.

Consider this example: two friends incorporate a start-up, with each holding half the shares. The business is quickly very successful. One of the partners dies in a traffic accident. There is no buy-sell agreement and the deceased partner has left his shares to his brother, who wants the business to pay dividends, not reinvest for growth.

That is the kind of problem a buy-sell agreement is designed to avoid: an "unfriendly" change in the equity holders of a business.

The book takes you through the planning and detail steps to preparing a buy-sell agreement, explaining concepts and providing examples so when you work with a lawyer to write up the agreement you will understand the issues and save a lot of time and expense.

In this book you will learn about:

  • What a buy-sell agreement is and the reasons for having one.
  • The three main types of buy-sell agreements: redemption agreements, cross purchase agreements, and hybrid agreements.
  • The possible triggering events, which are the events that bring a buy-sell agreement into action, together with the potential various responses in the buy-sell agreement to triggering events once one has occurred.
  • The different ways to pay for purchases pursuant to buy-sell agreements, including life insurance, and the impact of life insurance on valuation of the entity.
  • How valuation can work in buy-sell agreements, including how the Internal Revenue Service (IRS) might value an interest in a family business entity.
  • Common errors that people make in buy-sell agreements.
  • Working with professional advisors.
  • A chapter written expressly for your professional advisors.
  • Seven examples of buy-sell agreements in action.

Additional Info

Additional Info

Market USA
Operating System This eBook is in the EPUB format and will work with any reading device (including iPad, Kobo, Nook, and Sony ereaders) or desktop software which supports this format or earlier versions. This includes Apple, Sony, Kobo, and Barnes & Noble ereaders. Learn more about buying and installing ebooks.
File Size 1.8 MB
ISBN 978-1-77040-814-2
Library Sales? Not for sale to libraries

Author Details

Author Details - L. Paul Hood, Jr., Lawyer

L. Paul Hood, Jr. has worked closely with buy-sell agreements for more than 25 years. He is a widely quoted frequent speaker and his articles have been published in a number of journals, including Digest of Federal Tax Articles, Louisiana Bar Journal, and Tax Ideas. In addition to serving on the Louisiana Board of Tax Appeals, he was a sponsored speaker for distinguished law schools such as Duke, Georgetown, NYU, LSU, Tulane, and Loyola.


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