Checklist for Shareholder Promissory Notes

by Z. Christopher Mercer, ASA, CFA, ABAR


Format: E-Book (PDF)
Price: Free
Page Count: 4 pages
Publication Date: June 2012


Promissory notes are frequently used as a funding mechanism when buy-sell agreements are triggered. However, most buy-sell agreements reflect very little thought or negotiation researching the promissory notes they contain. This checklist helps you determine if your promissory note is reasonable for all parties under reasonably foreseeable circumstances.