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 2 topics include:

• Restrictions on transferability and mechanisms to buy/sell restricted stock
• Valuation methodologies for stock that does not have a liquid market
• Protective provisions for S Corps – preventing transfers to ineligible holders
• Provisions for approving the termination an S Corp election
• Close corporations and the ability to govern the company without a board of directors

DETAILS
Phone/Audio
Wednesday, June 15, 2022
1:00–2:00 PM

SPEAKERS

• Frank Ciatto, Venable LLP, Washington, DC
• Molly Merritts, Venable LLP, Washington, DC

PRODUCED
June 15, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.