Consider your future health care needs.
No business plan is complete without a shareholders agreement. A shareholders agreement sets out the rights and obligations of both the shareholder(s) and the corporation.
An important component is the buy/sell provisions allowing for the orderly transfer of shares in different circumstances such as retirement, disability, death, disagreement, bankruptcy, or matrimonial breakdown.
A properly planned and funded buy/sell agreement will allow for the business to continue operating without hiccups.
A buy/sell agreement should deal with:
- Who will buy the shares
- What the terms of the sale will be
- When the sale will take place
- Where the money to buy the shares will come from
- How much the purchase price of the shares will be