Limited liability partnership

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Presentation transcript:

Limited liability partnership Un-incorporate Sole trader Partnership Incorporate Limited company Limited liability partnership Definitions can be obtained widely from Google

http://www.start.biz/business_names/protection_information

Matters to be considered in a Shareholders’ Agreement (in addition to the usual standard clauses in a legal agreement)   Who should be in the management team How to appoint the Management team Conflicts between the Agreement with the Company’s M&A Meetings – what constitute a meeting, notices …etc Consents Change of nature of business New members Merger, acquisition and disposal Winding up Sale and investment

Borrowing Capital expenditure Hiring and dismissing key staff Distribution Settlement of claim Compensation of wages Write-offs Banking Management information  

Exiting the business – good leaver, bad leaver Valuation Financial obligation Transfers Tag-along right Payment terms Confidentiality Security Life insurance Indemnity insurance Non-competition Access to records Notice and change of contacting details Employment contracts  

https://www.gov.uk/employment-contracts-and-conditions/contract-terms Advisory, Conciliation and Arbitration Service http://www.acas.org.uk/index.aspx?articleid=3970