December 4, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
Buy/sell agreements are the principal means by which owners of a closely held business regularly value the company and provide a market for selling or exchanging interests in the company. Without buy/sell agreements there is little opportunity for retiring partners, or the estates of those who are deceased or bankrupt, to sell their interests in the company. There are a myriad of buy/sell alternatives involving the sale of interests among the owners, the owners and the company itself, or some blend of the two. The valuation methodology used for the buyout and funding sources are also essential for a successful buy/sell arrangement. This program will provide you with a draftsman’s guide to the major components of a buy/sell agreement, discuss valuation and funding mechanisms, dispute resolution, and major tax issues. Part 1 of 2.
Patrick J. Linden, Faegre Baker Daniels, LLP, Denver
Trygve Kjellsen, Faegre Baker Daniels, LLP, Denver