Having complete control over your papers at any moment is vital to ease your daily tasks and increase your productivity. Achieve any objective with DocHub features for document management and hassle-free PDF file editing. Access, change and save and integrate your workflows with other secure cloud storage services.
DocHub provides you with lossless editing, the chance to use any formatting, and securely eSign documents without the need of looking for a third-party eSignature alternative. Get the most from the file managing solutions in one place. Try out all DocHub features today with the free of charge profile.
[Music] generally when you have two partners ill use that two three partners in a shareholders agreement cross-purchase agreement means that the partners are buying each other out and they usually own the insurance on one another so partner a owns insurance or partner b part a is the owner and beneficiary im on on the life of b and vice versa and in a stock redemption agreement the company is the owner and beneficiary of the policies the the theres theres definitely docHub differences in each of those scenarios so the reason people genera generally have a cross-purchase agreement is that number one none of the money is coming into the company from the insurance proceeds and thus its not subject to the claims of creditors of the company and secondly when you have a cross-purchase agreement and you buy out the shares you get whats called the step up in basis for the share so as an example if its a 10 million dollar business and each owners 5 million and owner b dies and own
