What forms may be used to show I am leaving as owner of the company?
Full Question:
How do you draft a provision leaving ownership of a business?
04/29/2009 |
Category: Contracts ยป BuySell Agre... |
State: ALL |
#16468
Answer:
A buy-sell agreement is often used to contractually limit the manner in which a business owner's interest in the business may be disposed of if the person leaves the business. Such an agreement will specify who may buy the departing owner's interest, the events that will
trigger a buyout, how the price is determined, and other details.