New York’s Largest Corporate Dissolution | AriZona Iced Tea
Buy-sell agreements are critical corporate documents. I’ve said that many times and in three books on the topic. This post is about a case in which the parties did not have a buy-sell agreement. They were involved in litigation over the buyout of one 50% owner (not in management) by the other (in management). There was a trial and, following the trial, a private settlement. I was involved in the case and so now am providing an analysis of the case. The text of the analysis begins:
After several years of litigation involving a number of hearings and trials on various issues, a trial to conclude the collective fair value of a group of related companies known as the AriZona Entities occurred.
The Court’s decision in the AriZona matter was filed on October 14, 2014. I have not written about the AriZona matter because I was a business valuation expert witness on behalf of one side. The parties recently closed a private settlement of the matter, so there will be no appeal.
View Analysis of Case >
Announcing the Ownership Transition Bundle
Announcing a new Ownership Transition Bundle for business owners and advisers.
My book, Buy-Sell Agreements for Closely Held and Family Business Owners, has been available since 2010 and has sold thousands of copies. The book sells for $25 (plus shipping).
My latest book, Unlocking Private Company Wealth, was released in late 2014, and is selling at much higher rate than the buy-sell agreement book. This new book deals with managing private company wealth in ways you likely have not thought about. This book sells for $25 (plus shipping). That makes $50 for the two books.
We are now offering an Ownership Transition Bundle, consisting of both books for only $35 (plus shipping). As they say on selling TV networks, “But wait, there’s more!”
In addition to both books, you will receive immediate downloads of our very popular checklists, the Buy-Sell Agreement Review Checklist, and the Promissory Note Checklist. The review checklist is by far my most downloaded resource, so this is quite a package!
If you are interested in ownership transition for closely held and private companies, the Ownership Transition Bundle will tell you a great deal about managing private company wealth in the process of thinking about ownership and management transitions.
The buy-sell book will tell you about the unexpected consequences for ownership transition, often quite adverse, when poorly written buy-sell agreements are triggered. The free resources are available to help discuss and plan for important aspects of transitions.
Buy it now: The Ownership Transition Bundle.
