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Este acuerdo entre los accionistas de una corporación cierra regula la compra de acciones de un accionista que se está retirando o ha fallecido, así como establece restricciones sobre la venta
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How to fill out cross-purchase agreement among shareholders

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How to fill out cross-purchase agreement among shareholders

01
Identify the shareholders involved in the agreement.
02
Determine the percentage of each shareholder's ownership that will be covered by the agreement.
03
Outline the triggering events for the cross-purchase agreement, such as death, disability, or departure of a shareholder.
04
Decide on the method for valuing the shares at the time of the triggering event.
05
Create an agreement that specifies the terms and conditions of the purchase, including payment terms.
06
Include clauses regarding the right of first refusal for existing shareholders before selling to outside parties.
07
Have all shareholders review the agreement with their legal counsel.
08
Sign and notarize the agreement to make it legally binding.

Who needs cross-purchase agreement among shareholders?

01
Shareholders of a business looking to protect their ownership interests.
02
Business partners who want a clear plan for transferring shares in case of an unplanned event.
03
Small businesses where ownership transitions might impact the continuity or stability of the organization.
04
Companies with key employees whose death or departure could significantly affect the business.

What is Cross-purchase Agreement Among Shareholders of Close Corporation Form?

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A cross-purchase agreement among shareholders is a legal contract that outlines the terms by which shareholders will buy each other's shares in the event of a triggering event, such as death, disability, or retirement. This ensures that shares remain within the existing group of shareholders.
Typically, the shareholders involved in the agreement are responsible for ensuring that the cross-purchase agreement is properly executed and filed as necessary, especially if it needs to be recorded for legal or tax purposes.
To fill out a cross-purchase agreement, shareholders need to include details such as the name and addresses of the parties involved, the number of shares to be purchased, the purchase price, triggering events, and any terms and conditions relevant to the agreement.
The purpose of a cross-purchase agreement is to provide a structured and clear process for the purchase and sale of shares among shareholders, ensuring continuity of ownership and preventing outside parties from acquiring shares without agreement from the existing shareholders.
The information that must be reported in a cross-purchase agreement includes the names of the shareholders, the percentage of ownership, the price per share, details of the triggering events, payment terms, and any other specific provisions agreed upon by the shareholders.
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