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Limited liability partnership
Un-incorporate Sole trader Partnership Incorporate Limited company Limited liability partnership Definitions can be obtained widely from Google
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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
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Borrowing Capital expenditure Hiring and dismissing key staff
Distribution Settlement of claim Compensation of wages Write-offs Banking Management information
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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
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Advisory, Conciliation and Arbitration Service
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