The business itself buys back the shares.
Specify what causes a buyout (death, disability, divorce, bankruptcy, or just wanting to retire). free buy sell agreement
Can the buyer pay in installments over 5 years, or is a lump sum required?. The business itself buys back the shares
Stops shares from going to an ex-spouse or an unqualified heir. a specific formula
Often paired with life insurance so the remaining owners have the cash to buy out the departing one. 🛠️ Common Types of Agreements Cross-Purchase: Owners buy each other out directly.
💡 Using a generic form can be risky. To get started safely, you can find customizable templates on sites like LawDepot or Shopify’s Business Blog .
Will you use a fixed price, a specific formula, or an outside appraiser?.