We Draft and Review Shareholder Buy/Sell and Asset Transfer Agreements
A shareholder buy/sell agreement, often called an asset transfer agreement, is a legal assurance that partners and shareholders in an LLC or other corporate structure retain the right to sell their shares of ownership back to the corporation, in the event of the death, bankruptcy, retirement or termination of one or more principal shareholders. Such agreements are often needed in order to maintain the original integrity of the shareholder group of investors. With a shareholder buy/sell agreement in place, principals have the option of selling their shares in the event one partner loses his or her shares in a divorce settlement, or passes ownership on to an adult child who does not share the shareholder's vision.
Tag-Along Rights
In many investment groups and LLCs, the shares owned by a minority shareholder do not have the same value as the shares held by the controlling interest. In the event the majority shareholder(s) sell controlling interest in the company, a tag-along agreement allows minority partners to sell their shares and removed themselves from the LLC or partnership under new control.
Agreements such as asset transfer agreements and tag-along agreements are critical to ensuring all parties are protected in matters related to corporate governance. Our firm drafts, reviews and amends shareholder agreements and corporate government contracts, and provides effective representation for parties involved in litigation matters related to business investments and fiduciary responsibility by directors and officers.
Texas Buy-Sell Agreements Lawyers
Kerr, Hendershot & Cannon attorneys have extensive experience advising and representing individuals, families and corporate clients in all matters relating to purchase and sales agreements of real estate, business property and personal property.
Corporate Clients
If you are a business owner or licensed professional seeking to sell assets or your business or practice to another corporate interest, we have the skill and knowledge to draft the contracts and agreements to protect our interests. We know what legal and financial issues often fall through the cracks, and we seal the four corners of the agreement with airtight contract language to protect you from future disputes and litigation arising from the sale.
If you are purchasing a business, a professional practice or property assets, we will review the documentation to ensure that you are getting everything you are paying for. As business transaction and litigation professionals for more than 20 years, we know where the surprises lie between the lines.
Individual Clients
We provide sound legal advice and representation for individuals seeking to purchase significant personal property or sell assets of significant value. When your personal wealth is at stake, a handshake deal isn't good enough. Let us make sure your financial interests are protected and remain protected long after the purchase or sale.
Family Clients
We represent many families of deceased business owners who have partnership arrangements that must be handled as part of the probate process. We will work directly with the decedent's partners to arrange a purchase or sale agreement that will protect your family's financial and long-term interests. We also work with families of deceased estate holders on matters such as business succession planning, trusts and estate administration.
20 Years of Focus on Our Clients' Needs
Our firm has gained statewide recognition as one of the leading law firms handling transactional and litigation matters for businesses, health care providers and individuals throughout Texas.
From our offices in Houston and Corpus Christi, we represent business creditors in bankruptcy courts throughout South Texas. Contact us to arrange a consultation with an experienced Texas purchase and sales agreements lawyer at our firm today.
