Checklist Sale of a Business_Critical What if

This checklist sale of a business_critical what if template has 2 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our checklist sale of a business_critical what if template:

Checklist Buy/Sell Agreements - Critical What If's? The time to prevent disputes is before they occur. Experience proves that owners anxieties created in dealing with one another are inversely proportional to the effort they spend addressing business problems in the event that they should happen. Dealing with these contingencies before they manifest themselves is the secret to a harmonious business relationship with other owners. Legal fees as well as sleepless nights will be minimized if you agree to the "What If's" now. Use the checklist below to determine areas where you may need assistance. Answer Yes or No to each question. Applicability Should the agreement apply only to the current owners or should it be binding on all owners throughout the life of the business entity? Should the agreement provide that it supersedes all other agreements to redeem a business interest? Is the agreement being reviewed annually? (Changes of price or terms should require a unanimous vote of the owners.) Type of Agreement Should the agreement be structured as a redemption agreement or as a cross-purchase agreement? Should the agreement be structured: To require the seller to sell and the buyer to buy? To give the buyer an option to require the seller to sell? To give the seller an option to require the buyer to buy? To give a right of first refusal to the buyer? Should the death of an owner cause an automatic buyout of the owners interest or should his/her family be allowed to remain as an owner? Buyout Price and Time for Payout