TITLE

Circumstances dictate different stock for different children

AUTHOR(S)
Manterfield, Eric
PUB. DATE
August 2007
SOURCE
Indianapolis Business Journal;8/27/2007, Vol. 28 Issue 25, p34A
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article advises owners of family businesses in the U.S. to consider the different circumstances of their children when they divide the stock of the family business among their children. The common stock should be restructured so that each type of stock has its own restrictions on transfer and so that voting A stock stays within the family and that voting stock B can be given to grandchildren. The buy-sell agreement enables a family member to buy back shares given to a divorcing shareholder.
ACCESSION #
26698454

 

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