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Business Buyout Agreements: A Step-by-step Guide for Co-Owners (with CD-Rom)
 
Manufacturer: NOLO
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Product Description
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

    Business Buyout Agreements is updated with the latest laws, and includes a complete business buyout agreement on CD-ROM.
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    Customer Reviews
    The 4th Edition Is Completely Updated With The Latest In The Law
     
    Review Date: February 18, 2009
    Reviewer: Aung Htun, 1022 1/2 Stophlet St. Fort Wayne IN 46802-4318
    ".....
    Business Buyout Agreements walks you through the creation of your own legal agreement,
    which is included on CD-ROM.
    It provides all the tax and legal information you need at every step,
    such as how to structure the agreement to avoid estate taxes.

    THE 4TH EDITION IS COMPLETELY UPDATED WITH THE LATEST IN THE LAW....."
    [from the back cover of book]
    Solving a Potentially Big Problem
     
    Review Date: September 1, 2005
    Reviewer: John Matlock, Winnemucca, NV
    I've seen partnerships start up, full of promise and mutual love. I've seen very few last very long. And the breaking up of the partnership has usually been pretty messy. It's a lot like a divorce, where a pre-nuptial would have saved everybody a lot of pain.

    This book first sets the stage by describing what can happen. What happens when one of the partners wants to quie, goes through a messy divorce (he's a good partner, but now you're partner with his ex!), or if he is simply disabled (alcohol or Alzheimer's).

    The answer, of course, is advance planning. Business Buyout Agreements does a lot of this planning for you. It describes the situation, what should be included, all the things that you need to think about. In fact, it describes more situations than you are ever likely to think about in advance.

    The book includes a CD-ROM which has a worksheet and a buyout agreement that has been successfully used by dozens if not hundreds of companies.

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    Filed under: Buying A Business • Recommended Books and Manuals • Self Employment

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