Friday, April 3, 2015

Buy-Sell AgreementWe need legal help drafting our Buy-Sell Agreement (Shareholders Agreement). Our S-Corporation is incorporated in Wiscons...

Question

Buy-Sell Agreement

We need legal help drafting our Buy-Sell Agreement (Shareholders Agreement). Our S-Corporation is incorporated in Wisconsin, but our operations are in Colorado.

Must we get our legal counsel from an attorney practicing in Wisconsin, or will a Colorado lawyer do just as well?



Answer

Re: Buy-Sell Agreement

Morning:

It could be any state if the parties agree (a choice of law clause). As a practical matter, I have no idea why you incorporated in WI if the primary operations are in CO. I assume you have qualified that corporation to do business in CO. If not, do that.

Based on this question and your prior one, you need to talk to a business attorney immediately. Feel free to call or email with any questions. Good luck.



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