The 10 Top Issues to Discuss and Document, Before Entering into a Business Relationship

The 10 Top Issues to Discuss and Document, Before Entering into a Business Relationship

66% of businesses fail. Because of our expertise, we see a lot of these businesses. There are many reasons why a business can fail, and a dispute between the shareholders is one of the reasons which is common. As such, it is important to properly document arrangements between the shareholders before hands are shaken. Having a robust and a tailored to your personal needs shareholder agreement can help to avoid disputes. Also, if the shareholders do end up in dispute, the shareholder agreement can make the resolution of the dispute simpler and faster.Based on our experience, a poorly drafted or a ‘templated’ shareholder agreement often causes more problems than not having one at all!