Does your business have more than one owner? If so, then a comprehensive shareholders agreement (or operating agreement for LLCs) is essential.
For companies of all sizes, it is one of the most important, yet most overlooked agreements. At minimum, a properly drafted shareholders agreement will help ensure that the owners’ vision, goals and expectations are understood and aligned. In the event of a shareholder dispute, it may literally save the life of your company (as shareholder disputes are one of the leading causes of litigation).
Snell & Wilmer invites you to the next virtual program in the Emerging Business Seminar Series(tm), where partner Brian J. Burt will discuss preparation of shareholder and operating agreements.
Topics for this complimentary webinar include:
Why every company with more than one owner should have a shareholders or operating agreement
Understanding the decisions every company will face
Structuring the management hierarchy
Selecting (and replacing) decision makers at each level
Ensuring continuity of management
Determining what constitutes “profits”
Deciding how and when the profits get distributed
Issuing, transferring and redeeming shares/units
Planning for an eventual liquidity event
Avoiding phantom income in S corporations and LLCs