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Sale Deed Corporation  Form

Sale Deed Corporation Form

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Instructions and help about Sale Deed Corporation

hi I'm Dan Spillane president of designing financial solutions introducing the essentials of business planning and today we're going to be talking about business succession planning C & S corporations and the buy sell agreement so let's look at how the buy/sell works with a C core this is an entity purchase known as a stock redemption so we have the C Corp valued at 1 million there are two partners a and B and they each have a basis of $50,000 a buy sell agreement is in place the corporation purchases life insurance on both partners to fund the buy sell agreement now an entity purchase or stock redemption for a corporation is an agreement between the owners of the business and the business itself the business is obligated to buy out a deceased or departing owners business interest the surviving owners are obligated to sell when a triggering event occurs the business is the owner and the beneficiary of the insurance policy on each partners life only one p

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