Ebook Download Business Buyout Agreements: A Step-by-Step Guide for Co-Owners, by Attorney Anthony Mancuso, J.D. Bethany Laurence
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Business Buyout Agreements: A Step-by-Step Guide for Co-Owners, by Attorney Anthony Mancuso, J.D. Bethany Laurence
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Everything partners need to create a "business prenup" that will protect a business if someone leaves.
If you're like many entrepreneurs, being in business means working with one or more co-owners. But what will happen to your company if a co-owner:
Business Buyout Agreements walks you through the creation of a legal contract -- a sort of "premarital agreement" for your business -- that protects everyone's interests. This document will help ensure a smooth transition following someone's departure. Clarify:
Business Buyout Agreements is updated with the latest laws, and includes a complete business buyout agreement on CD-ROM.
- Sales Rank: #1502821 in Books
- Brand: Brand: NOLO
- Published on: 2007-07-09
- Original language: English
- Number of items: 2
- Dimensions: 9.00" h x 1.00" w x 7.00" l, 1.29 pounds
- Binding: Paperback
- 352 pages
- Used Book in Good Condition
Review
For more on buy-sells... read Nolo's Business Buyout Agreements. (Inc. Magazine 20090101)
Business Buyout Agreements takes you through it, step by step... (Accounting Today 20090101)
About the Author
Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation?. He wrote and programmed Nolo's LLC Maker and Incorporator Pro software programs, which generate state-by-state articles and other forms for organizing corporations and LLCs. His books and software have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.
Most helpful customer reviews
10 of 11 people found the following review helpful.
Solving a Potentially Big Problem
By John Matlock
I've seen partnerships start up, full of promise and mutual love. I've seen very few last very long. And the breaking up of the partnership has usually been pretty messy. It's a lot like a divorce, where a pre-nuptial would have saved everybody a lot of pain.
This book first sets the stage by describing what can happen. What happens when one of the partners wants to quie, goes through a messy divorce (he's a good partner, but now you're partner with his ex!), or if he is simply disabled (alcohol or Alzheimer's).
The answer, of course, is advance planning. Business Buyout Agreements does a lot of this planning for you. It describes the situation, what should be included, all the things that you need to think about. In fact, it describes more situations than you are ever likely to think about in advance.
The book includes a CD-ROM which has a worksheet and a buyout agreement that has been successfully used by dozens if not hundreds of companies.
3 of 3 people found the following review helpful.
Nolo: Business Buyout Agreements
By H. J. Spivack
This is the fourth or fifth book published by Nolo that I've read. Nolo is a website that promises "Legal Solutions for You, Your Family & Your Business" and they do it in fairly plain language. I am not an attorney, but I work with attorneys all the time. Nolo lets me know what they're talking about (or going to be talking about) in the meetings and is invaluable as a research tool. I like the site and what they do ([...])
This book is about Business Buyout Agreements and its terrific. Buyouts are complex situations and they have to be done right early in the game when everyone is happy, healthy and convinced they are all going to get rich together forever. In short, the buyout agreements typically get done at the worst of all possible times, when partners don't know what they will one day have except a shared dream. The first section of the books describes situations, what it was and how it ended. There are a few nightmare scenarios mentioned, when divorce interferes, or one partner becomes disabled. It sparks the brain to thinking about the things that are unforeseen but do happen in life. Its very common that a partner dies and leaves their half of your business to their spouse who knows nothing about the business except that they now expect you to do all the work that you and your partner did.
There are solutions and the book does an excellent job of describing steps, whether to purchase life insurance (Entity or Stock Redemption), how they are structured and which would be better in certain situations. It doesn't have to be life insurance. There are insurance models that kick in on disability. There are planning techniques that can be applied and Nolo does a good job in educating the consumer on those techniques.
This book will not be confused with a law text. It is written for the consumer who wants to learn what they need to know and the book does an excellent job of doing just that. Well recommended.
1 of 2 people found the following review helpful.
The 4th Edition Is Completely Updated With The Latest In The Law
By Aung Htun
".....
Business Buyout Agreements walks you through the creation of your own legal agreement,
which is included on CD-ROM.
It provides all the tax and legal information you need at every step,
such as how to structure the agreement to avoid estate taxes.
THE 4TH EDITION IS COMPLETELY UPDATED WITH THE LATEST IN THE LAW....."
[from the back cover of book]
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