Consents, Minutes, Resolutions – $500
Corporations are subject to many recordkeeping requirements that memorialize the decisions and actions of the company. Additionally, documents are often required by officers to act on behalf of the company—such as the opening of a bank account, voting on distributions, or acquiring credit. AltusLaw can help you identify and draft the records required for your company as well as provide documents to assist in taking action with outside parties such as banks.
Buy-Sell Agreement or Redemption Agreement – $1250
A buy-sell agreement is a contract between the owners of a company that provides for the orderly buy-out of those that leave ownership by those that continue in ownership. These can be used in situations where an owner dies, or simply wants to leave the business voluntarily (perhaps for retirement). Similarly, a redemption agreement is a contract whereby the company itself agrees to repurchase ownership interest from an owner of the company under specified conditions and a pre-arranged price or pricing method.
Incentive Plan or Stock Grant – $2500
AltusLaw can help your company develop and draft an incentive plan for employees, key-employees, top management, and officers. Such plans are subject to numerous regulations and must be designed to consider the various tax implications of the parties involved. Other considerations include whether any ownership or shares given will be optioned, vested, a one-time grant, and more.
Other Business Law Services – Price Varies
If you need assistance negotiating or memorializing the purchase or sale of a business, merger, dissolution, or other business transaction, please contact AltusLaw and we would be happy to discuss the matter with you. We will provide a quote of the legal costs involved so you can make an informed business decision, instead of having to worry about unknown legal fees absorbing all of your upside.