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Business Buyout Agreements: Plan Now for Retirement, Death, Divorce or Owner Disagreements | 
 enlarge | Authors: Bethany Laurence J.D. Nolo Senior Website Editor, Anthony Mancuso Attorney
Publisher: NOLO
Category: Book
List Price: $49.99
Buy New: $26.36
You Save: $23.63 (47%)
(as of 9/6/10 05:38 PDT - Details)
New (19) Used (6) from $24.36
Rating:  7 reviews
Sales Rank: 421639
Media: Paperback
Edition: 5
Pages: 350
Number Of Items: 2
Shipping Weight (lbs): 1
Dimensions (in): 8.9 x 7 x 0.9
ISBN: 1413311954
Dewey Decimal Number: 346.730652
EAN: 9781413311952
ASIN: 1413311954
Publication Date: July 12, 2010
Availability: Usually ships in 1-2 business days
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| Features:
| • | ISBN13: 9781413311952 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
Create a "business prenup" and protect your business if a partner 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 you or a co-owner:
wants out of the business
wants to retire
goes through personal bankruptcy
wants to sell his shares to someone else
goes through a divorce
or passes away?
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 book will help you create documents to help ensure a smooth transition following someone's departure. Clarify:
when co-owners can sell their interest the circumstances when someone must sell who can buy into the business what price will be paid
The 5th edition of Business Buyout Agreements is updated to incorporate changes to estate tax law and discounts for small business valuation. Plus, it includes a complete business buyout agreement on CD-ROM.
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| Customer Reviews:
Showing reviews 1-5 of 7
 Solving a Potentially Big Problem September 1, 2005
John Matlock (Winnemucca, NV)
9 out of 10 found this review helpful
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.
Good to know! August 17, 2010
kre8iv1 (Flemington, NJ)
This is another great NOLO legal book, which also includes a CD of forms you can use.
They point out things to know when you own your own business that would cost you thousands of dollars if you consulted a lawyer. Honestly, I would never have thought of any of the things in this book prior to reading it.
Here is the table of contents:
Introduction - Your Legal Companion for Creating a Buyout Agreement
1 - An Overview of Buyout Agreements
2 - Limiting the Transfer of Ownership Interests
3 - Providing the Right to Force Buyouts
4 - Structuring Buyouts
5 - Funding Buyouts
6 - How to Set the Buyout Price in Your Agreement
7 - Choosing Payment Terms for Buyouts
8 - Completing and Updating Your Buyout Agreement
9 - Income and Estate Tax Issues
10 - Lawyers, Tax Specialists, and Resources
Appendixes
A - How to Use the CD-ROM
B - Buyout Worksheet
C - Buyout Agreement
Index
This is NOT my first NOLO legal book. I can say that I will always choose a legal book written by NOLO over any other source first. They are extremely thorough and easy to understand.
If you already own your own business or are thinking of starting your own business, NOLO gives you a fantastic reference to protect yourself and your family.
Two thumbs up, highly recommended!
Excellent busines information & clearly written August 19, 2010
Chen Sun (Houston, TX United States)
Co-ownerhsip agreements always seemed frightening to me because these are complex and require expert legal knowledge. This book certainly alleviated most of my fears. It is lucidly written in laymen terms and explains how to structure owners' buyout agreements, including tax implications.
Unless the reader has an excellent legal mind, I still recommend the final agreement be written by a lawyer because, unlike many Nolo topics (and I've read many), buyout agreements, I feel, are particularly complicated and because when the buyout event occurs, it can be very costly.
The book advises that these following situations definitely requires a lawyer and tax advisor input: family business owners, minority/majority owners, owners with vastly different needs, and older owners.
I'm sure some very smart people can use this book to create binding documents. And, if financially tight, necessity will create the ability to correctly use this document. But, the best use of this book, in my opinion, is to understand one's options in negotiating the business buyout agreements and then to lower one's legal and tax advisor costs by being an intelligent client for lawyers and tax accountants.
Essential Information for the Entrepreneur August 25, 2010
Lee S. Mairs (Romney, WV United States)
This book is an excellent compilation of alternatives facing a small business owner or majority owner of a small corporation.
The book was very timely as by Board of Directors recently indicated a desire to purchase Keyman Insurance. I initially rejected the idea as spending my own money to protect the ownership of others. This book not only showed me where I was wrong, but pointed to an alternative mix of strategies that will prove beneficial to all concerned.
This book is an essential addition to the business owner's library. As I type this I realize that I used the Publisher's Software for writing my will - a task I still have yet to finish no fault of of the software.
The 4th Edition Is Completely Updated With The Latest In The Law February 18, 2009
Aung Htun (1022 1/2 Stophlet St. Fort Wayne IN 46802-4318)
1 out of 2 found this review helpful
".....
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]
Showing reviews 1-5 of 7
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