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Description
Stockholders' agreements can make or break a closely held company.
Voting control is allocated, distribution policies established, buy-sell mechanisms defined, and the relationship of the owners organized. Most of the big decisions of a closely held company are made in the stockholders' agreement. In the context of S Corporations, these agreements take on even more importance in the form of various restrictions to ensure the corporation does not lose its pass-through status for federal income tax purposes.
This program provides a guide to planning and drafting the most essential provisions of stockholders' agreements for C and S corporations.
Part 1 topics include:
- Practical uses of stockholders' agreements
- Management and voting rights – what events trigger a vote and by whom
- Economic rights – distributions, taxes, and liquidations
- Information rights – access to operational, financial and tax information