{"id":691,"date":"2021-06-08T18:47:41","date_gmt":"2021-06-08T18:47:41","guid":{"rendered":"https:\/\/lawsikho.com\/blog\/?p=691"},"modified":"2022-04-02T17:10:38","modified_gmt":"2022-04-02T17:10:38","slug":"shares-purchase-agreement-us-law-compliant","status":"publish","type":"post","link":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/shares-purchase-agreement-us-law-compliant\/","title":{"rendered":"Shares purchase agreement &#8211; US law compliant"},"content":{"rendered":"\n<p>Shares\/Stock purchase agreement (SPA) are agreements entered when one party is interested to buy the shares of another company.&nbsp;<\/p>\n\n\n\n<p>A share represents a unit of ownership in the company and the number of shares held by the shareholder represents its stake in the company.&nbsp;<\/p>\n\n\n\n<p>Being a shareholder of a company provides your several rights under company law such as.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What rights are available to a shareholder of a company?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Shareholders have a right to bring legal action against the director when any act done by him in any manner is prejudicial against the affairs of the company.<\/li><li>Shareholders also have the right to attend and vote at the annual general body meeting.<\/li><li>Shareholders also have a right to appoint the company auditors.<\/li><li>Shareholders have the right to call a general meeting. They have a right to direct the director of a company to call an extraordinary general meeting.<\/li><li>Shareholders have the right to get copies of financial statements. The company must send the financial statements of the company to all its shareholders.<\/li><li>Before the company is wound up the company has to inform all the shareholders about the same.<\/li><li>When a company is converted into another company then it requires prior approval of shareholders.<\/li><li>Right to inspect the corporate books and records of the Company.<\/li><li>All shareholders shall have the right to receive dividends.<\/li><\/ul>\n\n\n\n<p>Just like Companies Act in India, every country has its own set of commercial law which will determine the nature of rights that a shareholder would have in its respective country.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to help clients for foreign mergers?<\/strong><\/h2>\n\n\n\n<p>So if a client comes to you informing you that he is merging with another business in the USA and wants to enter into a SPA, what will you do?<\/p>\n\n\n\n<p>You know how to draft a SPA which is compliant to local law but do you know how to draft one which is compliant to a foreign country?<\/p>\n\n\n\n<p>What happens when one party is from a foreign country?&nbsp;&nbsp;<\/p>\n\n\n\n<p>What if your client wants to acquire a whole company in the US, how will you help?<\/p>\n\n\n\n<p>How do you learn about transfer of ownership in different types of company? like C-Corp, S Corp, LLC etc.&nbsp;<\/p>\n\n\n\n<p>During the 3-day FREE online bootcamp on <strong>How to kickstart your career as a corporate lawyer <\/strong>you will learn to draft a US-law compliant share purchase agreement and perform legal work for transfer of ownership in a C-Corp<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Date and Time<\/strong><\/h2>\n\n\n\n<p>12-14 June 2021<\/p>\n\n\n\n<p>6-9pm Indian Standard Time<\/p>\n\n\n\n<p><a href=\"https:\/\/lawsikho.com\/careerascoporatelawyerbootcamp?p_source=Lawsikho_Blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>REGISTER NOW<\/strong><\/a><\/p>\n\n\n\n<p>If you have already registered for this bootcamp then don\u2019t forget to save this event in your calendar:&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/zoom.us\/webinar\/tJEldOGtrz8sGNxvgTeXlwvVxz7_SdZeIOp4\/calendar\/google\/add?user_id=p5ZcpLOYTJyg7q9HnQfWag&amp;type=google\" target=\"_blank\" rel=\"noreferrer noopener\">Add to Google Calendar<\/a> &nbsp; <a href=\"https:\/\/zoom.us\/webinar\/tJEldOGtrz8sGNxvgTeXlwvVxz7_SdZeIOp4\/ics?user_id=p5ZcpLOYTJyg7q9HnQfWag&amp;type=yahoo\" target=\"_blank\" rel=\"noreferrer noopener\">Add to Yahoo Calendar<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Skills you will learn during the 3 days of the bootcamp<\/strong><\/h2>\n\n\n\n<p>Along with how to draft a US-law compliant share purchase agreement and perform legal work for transfer of ownership in a C-Corp you will also learn the following skills:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>How to draft bylaws of a Delaware C-corporation<\/li><li>How to draft a US-law compliant share purchase agreement and perform legal work for transfer of ownership in a C-Corp<\/li><li>How to draft an SAFE (simple agreement for future equity) for an early stage investment transaction&nbsp;<\/li><li>How to convert an LLC or S Corp into a C-Corp or vice-versa&nbsp;<\/li><li>How to perform legal work for a merger of a US corporation in one state with a company in another state&nbsp;<\/li><li>How to draft a convertible note for an early stage investment transaction&nbsp;&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FREE GIVEAWAYS<\/strong><\/h2>\n\n\n\n<p>If you attend for more than 2.5hours each day you will receive the following templates in the form of PDF which will help you kickstart your career as a corporate lawyer:&nbsp;<\/p>\n\n\n\n<p><strong>Day 1: <\/strong>Bylaws of a Delaware C-Corp, Checklist of actions for transfer of ownership of a US company&nbsp;<\/p>\n\n\n\n<p><strong>Day 2: <\/strong>Template of a SAFE Agreement&nbsp;<\/p>\n\n\n\n<p><strong>Day 3: 12 templates on the last day-<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Checklist of registrations needed to incorporate and kickstart a US company&nbsp;<\/li><li>Checklist of annual and periodic compliances for a Delaware C-Corp and S-Corp<\/li><li>Articles of incorporation and bylaws for an S-Corporation&nbsp;<\/li><li>Articles of organisation and operating agreement for LLC&nbsp;<\/li><li>Templates for Agenda, minutes and resolutions for a US C-Corporation Board meeting<\/li><li>Template for Stock Certificate of a California, New York and Texas C-Corp<\/li><li>US-law compliant share purchase agreement<\/li><li>Memorandum and Articles of Association of an Indian Company<\/li><li>Template of agenda, minutes and resolutions for the board meeting of an Indian Company&nbsp;<\/li><li>Checklist of Registers and Annual and Periodic Compliance Requirements&nbsp;for an Indian Company&nbsp;<\/li><li>Convertible Note Template<\/li><li>Templates of agenda, minutes and resolution for a US C-Corporation Board meeting&nbsp;<\/li><\/ol>\n\n\n\n<p><a href=\"https:\/\/lawsikho.com\/careerascoporatelawyerbootcamp?p_source=Lawsikho_Blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>REGISTER NOW<\/strong><\/a><\/p>\n\n\n\n<p>Invite your friends, colleagues and classmates by sharing this link to the online FREE bootcamp on <strong>How to kickstart your career as a corporate lawyer <\/strong>from 12-14 June 2021:<\/p>\n\n\n\n<p><a href=\"https:\/\/lawsikho.com\/careerascoporatelawyerbootcamp?p_source=Lawsikho_Blog\" target=\"_blank\" rel=\"noopener\">https:\/\/lawsikho.com\/careerascoporatelawyerbootcamp<\/a><\/p>\n\n\n\n<p>To receive regular updates on <strong>corporate and business law <\/strong>directly on your phone join our WhatsApp and Telegram channel:&nbsp;<\/p>\n\n\n\n<p>WhatsApp: <a href=\"https:\/\/chat.whatsapp.com\/EDcTSfcyTeCEJcbdQeNASu\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/chat.whatsapp.com\/EDcTSfcyTeCEJcbdQeNASu<\/a>&nbsp;<\/p>\n\n\n\n<p>Telegram: <a href=\"https:\/\/t.me\/joinchat\/RoPKARepwkxwCQSN\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/joinchat\/RoPKARepwkxwCQSN<\/a>&nbsp;<\/p>\n\n\n\n<p><strong>Do you want to know more about corporate law<\/strong>? Check out our YouTube channel which has some of our past webinars and workshops content on this topic:<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"LS Corporate Law Series\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLzs5G6XyVgrfC0tH0fvdchLUuLoBBMozO\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>We add new videos to these channels regularly&nbsp;<\/p>\n\n\n\n<p>Looking forward to seeing you at the bootcamp.\u00a0<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p id=\"block-f49e92f0-a151-4e62-ae8a-3d0f309cb25a\"><em>Students of&nbsp;<\/em><a rel=\"noreferrer noopener\" href=\"http:\/\/lawsikho.com\/\" target=\"_blank\"><em>Lawsikho courses<\/em><\/a><em>&nbsp;regularly produce writing assignments and work on practical exercises as a part of their coursework and develop themselves in real-life practical skills.<\/em><\/p>\n\n\n\n<p id=\"block-ffda21f0-2f72-4ce1-a68d-ba24f740192a\">LawSikho has created a telegram group for exchanging legal knowledge, referrals, and various opportunities. You can click on this link and join:<\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/lawyerscommunity2\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/lawyerscommunity2<\/a><\/p>\n\n\n\n<p id=\"block-24587560-ed7e-4563-98bc-e5328000c39d\">Follow us on&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.instagram.com\/lawsikho\/\" target=\"_blank\">Instagram<\/a>&nbsp;and subscribe to our&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.youtube.com\/lawsikho\" target=\"_blank\">YouTube<\/a>&nbsp;channel for more amazing legal content.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares\/Stock purchase agreement (SPA) are agreements entered when one party is interested to buy the shares of another company.&nbsp; A share represents a unit of ownership in the company and&hellip;<\/p>\n","protected":false},"author":8,"featured_media":452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,11],"tags":[],"class_list":["post-691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-careers","category-featured"],"_links":{"self":[{"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/posts\/691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":3,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"predecessor-version":[{"id":1218,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/posts\/691\/revisions\/1218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/media\/452"}],"wp:attachment":[{"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lawsikho-frontend-development.lawsikho.dev\/blog\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}