Description
What is a Sale of Shares Agreement?
A Share Sale and Purchase Agreement is an agreement between a buyer and purchaser in which the seller agrees to sell a stated number of shares at an agreed price. There are various manners in which to formalise such agreement to ensure the best interest, tax and compliance outcome.
Why purchase a Sale of Shares Agreement.
As you can imagine, sale and purchase of shares cannot take effect if not agreed upon in writing. Further, the manner in which such sale and purchase is constructed can have monumental implications on tax, interest and BEE compliance.
Who needs this?
- Any company or individual looking to its shares.
- Any company or individual looking to purchase shares in a company.
