Corporate Buy-out: Selling your Shares
Corporate Buy-out - Selling Shares - Forced to Sell - Buying out Shareholders - Buying into a Company
Contact Neufeld Legal PC at 403-400-4092 / 905-616-8864 or Chris@NeufeldLegal.com
Selling one's stake in a business corporation isn't necessarily a straightforward process, especially where the partners lack the benefit of an adequate unanimous shareholders agreement. And even where there is a unanimous shareholders agreement, the adequacy of the written document is often brought into question and doesn't necessarily insure a smooth sales process.
With that being said, it is almost advisable to consult with knowledgeable legal counsel prior to revealing your intent to sell your stake in the business corporation. For as soon as you reveal your intention, you eliminate your strategic advancement and your ability to most effectively place your fellow shareholders in the position that they must acquire your corporate shares and thereupon have them pay you the optimal price for your share interest in the company. For as soon as you notify your fellow shareholders, they will invariably engage in adversarial and/ or protective action. As such, the value of engaging experienced legal counsel prior to seeking the sale of your corporate shares cannot be understated and should be a leading consideration when moving forward on such a critical personal business decision.
Although the preference is for a well-planned corporate buy-out process, there are invariably circumstances that demand immediate action to effectuate a corporate buy-out, such that the ongoing business might be preserved and the shareholders' stake in the company is appropriately dealt with, including upon the business owner's death, permanent disability / terminal illness, necessitated or forced departure, or the business' financial faltering and/or collapse.
For knowledgeable and experienced legal representation when initiating, or being subjected to, a corporate buy-out, contact corporate business lawyer Christopher Neufeld at Chris@NeufeldLegal.com or 403-400-4092 / 905-616-8864.
