Getting comprehensive control over your papers at any moment is important to alleviate your daily duties and boost your efficiency. Achieve any objective with DocHub tools for papers management and hassle-free PDF editing. Gain access, modify and save and integrate your workflows with other secure cloud storage services.
DocHub offers you lossless editing, the chance to work with any format, and safely eSign papers without searching for a third-party eSignature alternative. Get the most of the document managing solutions in one place. Check out all DocHub functions right now with the free 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
