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Business Buyout Agreements: A Step-by-step Guide for Co-Owners
Posted on 2010-04-12
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More Anthony Mancuso, Bethany K. Laurence ¡°" Everything partners need to create a "business prenup" that will protect a business if someone leaves. If you're like many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner: wants out of the business wants to retire goes through personal bankruptcy wants to sell his shares to someone else goes through a divorce or passes away? Business Buyout Agreements walks you through the creation of a legal contract -- a sort of "premarital agreement" for your business -- that protects everyone's interests.This document will help ensure a smooth transition following someone's departure. Clarify: when co-owners can sell their interest the circumstances when someone must sell who can buy into the business what price will be paid "
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