Copyright Cooper Law LLC 2017 – All Rights Reserved
Cooper Law LLC
Problem:  The shareholders of a corporation or the members of a limited liability company want to be sure that they can sell their shares or membership units back to the company for a reasonable value when they retire and that their partners cannot transfer their equity interest freely without the approval of the shareholders or partners.  The company owners also need to be clear about how they will make decisions and resolve potential deadlocks (when there is an even number of owners).
Solution:  Cooper Law would explain various alternatives for buy-sell, transfer restrictions and management provisions to its client.  Once these are understood and appropriate choices have been made, Cooper Law would draft the appropriate documentation for these provisions.  For corporations, these are usually drafted in a separate shareholders’ agreement.  For LLCs, these provisions would be incorporated into the LLC’s operating agreement.  They can also be drafted into stock or other equity purchase agreements.
Copyright Copper Law LLC 2017 All Rights Reserved
Cooper Law LLC
Problem:  The shareholders of a corporation or the members of a limited liability company want to be sure that they can sell their shares or membership units back to the company for a reasonable value when they retire and that their partners cannot transfer their equity interest freely without the approval of the shareholders or partners.  The company owners also need to be clear about how they will make decisions and resolve potential deadlocks (when there is an even number of owners).
Solution:  Cooper Law would explain various alternatives for buy-sell, transfer restrictions and management provisions to its client.  Once these are understood and appropriate choices have been made, Cooper Law would draft the appropriate documentation for these provisions.  For corporations, these are usually drafted in a separate shareholders’ agreement.  For LLCs, these provisions would be incorporated into the LLC’s operating agreement.  They can also be drafted into stock or other equity purchase agreements.