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

by Anthony Mancuso, Bethany K. Laurence

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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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All Customer Reviews
Average Customer Review: 5 out of 5 stars

9 of 9 people found the following review helpful:

5 out of 5 stars

Solving a Potentially Big Problem, 2005-09-01
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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