Partnership Agreements
If you are going into business with another party or partner, you may require a partnership agreement to set out the exact terms of your partnership.
Stephensons’ team of dedicated lawyers can help you.
This agreement is to provide clear information on the relationship between the partners and will set out the exact terms and conditions of the relationship between these partners, highlighting their individual obligations and contributions to the partnership.
If you are going into business with a partner, Stephensons’ expert lawyers can help you draw up a partnership agreement that makes sure you are legally covered should problems ever arise.
It is advisable to obtain a partnership agreement to protect each of the partners’ investments within the business, and it also lets you know where you stand in relation to the partnership of the business and each other.
An agreement should be put into place to state certain parameters and elements of the partnership. These elements may include but are not limited to:
- Nature of the business.
- Capital Contributions of each partner
- Rights and responsibilities
- Percentages of ownership including distribution of profits and losses
- Length of partnership
- Conditions of partnership termination
When partnerships in business breakdown, it is important that a solid agreement has been set out beforehand to ensure costly disputes and problems are avoided. Stephensons can help you set out these agreements saving you time, and of course in the long run, money should your partnership come to an end.
With experienced technical lawyers that can create a partnership agreement with your best interests in mind, Stephensons are the best option when it comes to legally securing your partnership’s assets. It is important that you protect yourself and your part of the business at all times, so give Stephensons expert lawyers a call on 01616 966 229 to make sure your partnership agreement is up to standard.
Shareholder Agreements
Shareholders agreements are put in place to clarify in detail how a company is run and explain the rights and responsibilities of each shareholder. These agreements are also made to ensure shareholders are treated fairly and involved and informed in and major decision making processes.
Stephensons’ expert team of lawyers are on hand to help you with all of your shareholder agreement issues, from drawing up contracts to handling disputes.
It is important to implement a shareholders agreement at the start of a new business, to protect yourself and other shareholders should disputes arise or circumstances change. This agreement also ensures that each shareholder is aware of their obligations and rights within the company.
Furthermore a shareholders agreement can implement certain elements that ensure no big changes, or important decisions to a company or business are made without the consent of particular shareholders.
This agreement can also prevent situations where a change in any particular shareholders personal circumstances can affect the company and other shareholders, completely safeguarding any financial investments or interest in the company.
Furthermore these agreements can protect the interests of a shareholders family in the event of the death of a shareholder.
It is vital that you are protected as a shareholder, as the correct agreement can save you money further down the line and ensure your best interests are always kept in mind. Should you need a shareholders agreement drawn up or you need advice on an existing agreement, whether it’s clarity or dispute resolution, Stephensons are on hand to help with a dedicated team of professionals.
Contact Stephensons today by calling: 01616 966 229 and speak to one of our experienced lawyers about your shareholders agreement issues.
Joint Venture Agreements
A joint venture is a strategic union of two or more parties or businesses entering into a partnership to share resources, whether that is market reach, knowledge or profits amongst an array of other things.
This means two companies join to develop one single company for mutual benefit.
This merger differs greatly from a partnership as no transfer of ownership takes place. Most notably, this is something two small businesses have been known to do, to join forces and try and beat their market competition.
Joint ventures can represent a great way to pool expertise and capital, thus reducing the risk of monetary loss from one particular business, yet there are a myriad of challenges associated with this type of venture. Stephensons can advise and assist on this type of agreement ensuring you are minimising your risk of monetary loss whilst keeping your best interests in mind and protecting your side of the business.
Profits gained from these types of agreements can cause many disputes further down the line if these parameters are not laid out correctly, costing you time, money and potentially your business. It is important you have the right lawyers for the job every time, to safeguard you and your partner should any disputes arise and for clarity on all matters relating to the running of the business.
Stephensons’ specialist lawyers can advise on joint venture agreements and help you get the best out of your agreement, helping you save time and money so you can concentrate on your business. We can advise on all matters, from disputes to drawing up your agreement to explaining your agreement in plain English.
Contact Stephensons today by calling: 01616 966 229 and speak to one of our specialist lawyers about Joint Venture agreements.
Transfer Agreements
Transfer agreements can also be known as “sole trader to limited company business transfer agreements” and are needed when a sole trader wants to transfer their business from personal ownership to that of a company.
These agreements are essential for any person wanting to start trading as a company and can have many benefits. These benefits can include, but are not limited to:
- Limited Liability status. This means a person will no longer be personally liable for any new debts that are associated or accrued by the business.
- A myriad of tax advantages not associated with personal trading
- New directors can be appointed, helping a company branch out and employ new expertise.
- More recognisable. Often customers, suppliers and companies will prefer to deal with businesses other than a sole trader.
- Shares of a company can be sold to investors.
Transfer agreements can be very complicated, with the agreement needing to state which assets are excluded or included in the transfer, what liabilities the company will be assuming and how shares, if any, will be sold amongst many other elements.
Stephensons’ specialist lawyers can help you make the transition from sole trader to company with minimal fuss, handling all legal aspects to protect you and your interests. Experienced in every aspect of business legalities and transfer agreements they can save you time and money so you can concentrate on achieving your business goals and make the leap from sole trader to Company owner.
Contact Stephensons today by calling: 01616 966 229 and speak to a member of our expert team about your transfer agreement.