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Sample Co Ownership Agreement TOBAThoroughbred  Form

Sample Co Ownership Agreement TOBAThoroughbred Form

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[Music] [Applause] hi my name is Keith Baker I'm a CPA in an attorney in this session we're going to talk about co-ownership agreements and basically what this says is there's more than one owner and what are the basic rules of the road as to who can be an owner who can transfer ownership what the rules and regulations are for wanting to transfer ownership what happens if somebody becomes disabled or dies and create more certainty as to the flow and operations of the business often you'll choose who you want to be in business with based upon characteristics relating to that person you may not want to be in business with their spouse or children or friends a co-ownership agreement or shareholder agreement will lay down the rules of the road for them a properly drafted document will also cover things like what if the person becomes disabled or dies is there an obligation to buy that person out and if so what's the formula for deciding what the buyo

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