Business Buyout Agreements - 8th Edition by Anthony Mancuso & Bethany K Laurence (Paperback)
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<p/><br></br><p><b> About the Book </b></p></br></br>This is the only book that helps business owners create a buyout plan, or buy-sell agreement for their business. Like a prenuptial agreement, a buy-sell agreement plans is advance for owner transition such as divorce, retirement or death. Without one, owners risk jeopardizing their investment in the future of their business. A fill-in agreement is provided with the book.<p/><br></br><p><b> Book Synopsis </b></p></br></br><b>Head off disagreements with co-owners</b> <p> It happens to any business that's owned by more than one person: Sooner or later, one or more owners will want or need to leave the business. What happens when you're ready to move on? Or what happens to your company if one co-owner wants to retire, files for bankruptcy, or goes through a divorce? Unless you plan in advance, it could threaten the survival of your business. <p> In short, it's essential that you create a simple but effective "prenuptial agreement" for your company with a buyout agreement (buy-sell agreement). This document clarifies: <p><ul> <li> when you or your co-owners can sell ownership interests <li> the circumstances requiring an owner to sell (personal bankruptcy, for example) <li> how much departing owners can ask for their shares, and <li> how long continuing owners have to pay the former owner. </ul><p> <i>Business Buyout Agreements</i> walks you through the creation of your own legal agreement--before issues come up and cause problems. It provides all the tax and legal information you need at every step, such as how to structure the agreement to avoid estate taxes. You'll have a clear, fair agreement--and peace of mind.<p/><br></br><p><b> Review Quotes </b></p></br></br><br>"Nolo has been publishing excellent self-help legal manuals since 1971." <i>Kiplinger's Personal Finance Magazine</i> <p> For more on buy-sells... read Nolo's Business Buyout Agreements. <i>Inc. Magazine</i> <p> "Business Buyout Agreements takes you through it, step by step..." <i>Accounting Today</i> <p> Buyout agreements should be part of the initial documents when people start a company together, say Laurence and Mancuso, because it sets out in advance the rights of each owner if someone wants or needs to leave the business. Among the matters they discuss are when and how to allow an owner to request a buyout, when a buyout should be required, how to restrict who can buy into the company, how to value the business and each owner's share, how to set up payment terms to make future buyouts affordable, and how to provide the funds for future buyouts. <i>Eithne O'Leyne, Editor, ProtoView</i><br>
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