Buy shares in a company

About this business activity

Many people buy shares in a company for different reasons, including investment, profit, or support. Sometimes people buy shares to take control of the company or to get a seat on the board. Shares can also be bought as a gift.

Simple Board Meeting Minutes To Approve Transfer Of Shares

This is a legal document that approves the transfer of shares in a private or unlisted public company.

What to watch out for

  • The date of the board meeting at which the transfer of shares was approved
  • The names of the shareholders involved in the transfer
  • The number of shares being transferred
  • The price per share being transferred
  • Any conditions attached to the transfer of shares
  • Contract template sketch

    Detailed Tax Warranties For Share Purchase Agreements

    These tax warranties are a long form version for use with share purchase agreements if there has been little or no tax due diligence or if the due diligence has revealed a major cause for concern. They require a high degree of disclosure by the seller. For most deals, the Tax warranties: short form version may be more appropriate.

    What to watch out for

  • The level of disclosure required by the seller
  • The amount of tax due diligence that has been conducted
  • Any major concerns that have been raised during due diligence
  • Contract template sketch

    Non-Simultaneous Exchange And Completion Share Purchase Contract (Single Corporate Seller And Buyer)

    This is a share purchase agreement for the sale of shares in a private company between a single corporate seller and a single corporate buyer. The exchange and completion of the sale will not happen simultaneously.

    What to watch out for

  • The agreement should specify the number of shares to be sold, and the price per share.
  • The agreement should specify the date of exchange and completion.
  • The agreement should specify whether the shares are to be paid for in cash, or through the transfer of other assets.
  • The agreement should specify the conditions under which the sale may be completed, and the consequences if the sale is not completed.
  • The agreement should specify the warranties and representations made by the seller, and the buyer's rights in the event that these are breached.
  • The agreement should specify the indemnities and limitations of liability of the parties.
  • The agreement should specify the governing law and jurisdiction.
  • Contract template sketch

    Relevant Contract Types

    πŸ’° Tax warranties

    A tax warranty is a written agreement between a taxpayer and the Internal Revenue Service in which the taxpayer agrees to pay a specified amount of tax liability. The agreement is binding on both parties and is enforced by the courts.

    πŸ“‘ Board minutes

    A board minutes is a document that covers the minutes of a board meeting. It includes the date, time, and location of the meeting, as well as the names of the board members present. The minutes also include a summary of the topics discussed and any decisions made.

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    Rafie Faruq
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