Partnerships and shareholders’ agreement

If you intend to be in business with someone else you should regulate the way in which the business is managed and consider:

how are decisions about the business or its management to be made
what happens if a business partner dies or becomes unable to work
what terms will apply if you or your partner wish to leave the business
how will you resolve disputes
will the partners be required to devote all their working time to the business
can you or your partners have an interest in any other business
how are profits and losses to be shared
how is the business to be financed
in what way will the dynamics of any existing relationship be changed if you take on a new partner

For help with shareholder or partnership agreements call 0113 320 5000

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