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16055 Space City Blvd., Suite 260,
Houston, TX 77062
On Space Center Blvd., near Bay Area Blvd.
(281) 486-4737
Buy-sell agreements are used in two different circumstances. One circumstance is when an entire company or its assets are being sold to a third party. The result is the company has new owners. The second circumstance is when owners of a company want to buy each other out. The documentation for this type of transfer can be called either a buy-sell agreement or shareholder agreement. An owner may want to leave the company in order to retire or go on to other ventures. Or the buy-sell agreement is used when an owner dies, gets divorced or becomes incapacitated.
Buying into a company or leaving a company in which you owned an interest is a major, possibly once-in-a-lifetime transaction. Hiring a law firm like Badeaux & Associates — with over 45 years of combined knowledge and experience with buy-sell and shareholder agreements — should give your company an edge over advice from a non-business lawyer. Badeaux & Associates is proud to state that the buy-sell agreements we have drafted for our clients who were buying or selling a company, or buying out other business owners, have been easily and readily enforceable and withstood scrutiny and attack.
Call (281) 486-4737 or contact us online to find out how we can help you!
The terms of a buy-sell agreement should contain at a minimum:
One purpose of the buy-sell agreement can be to limit the transfer of ownership among the owners, so that it is not accidentally transferred to a spouse on divorce, or heirs at law of an owner on death.
If you are buying or selling a business Badeaux & Associates will advise, structure and draft the buy-sell agreement to protect your interests whether you are the buyer or the seller.
Badeaux & Associates has represented business clients in Clear Lake, League City, Seabrook, South Houston, Deer Park and surrounding areas in the industries of manufacturing, retail operations, computer companies, franchises, NASA contractors, and real estate developers just to name a few. Our attorneys have over 45 years of combined experience. The businesses purchased or sold have been one-person or multi owner companies, LLC’s, Subchapter S, C Corporations, or partnerships.
Our business attorneys located in Clear Lake represent business owners throughout the Houston area. Many of our clients live in Clear Lake, League City, Friendswood, Pearland, Kemah, Seabrook, Dickinson, Deer Park, Pasadena, and other surrounding cities.
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