July 2016 M T W T F S S « May 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
- 2,071 hits
- What to Watch From the Fed Wednesday
- Kyle Bass Keen on Yellow Pages Co. — Sohn Conference
- Record Number of Banks in One Deal as HK’s IPO Market Heats Up
- Aerosoles Shoe Chain Seeking Buyer or Partner
- Dish Deal For Sprint May Leave T-Mobile On Hold
- JPM Veteran Corio Joins Miller Buckfire
- Dish vs Softbank: A Comparison of Sprint Offers
- Ergen: Dish Is a Seinfeld Episode and Sprint Ties it Together
- Dealpolitik: Dish’s Audacious Topping Bid for Sprint Is No Slam Dunk
- Citigroup Finally Releases Some Reserves
- Citigroup’s Corbat Gets Expenses Down
- Dish Bids for Sprint: Telecom Merger Mania Continues
- Woori Head’s Resignation Stokes Privatization Hopes
- Dish Launches $25.5 Billion Offer for Sprint
- OUE Likely To Reload After REIT Listing, Maybank-Kim Eng Says
- Citigroup Appoints New Asia Prime Finance Head
- LVMH Fund Lands Australia’s R.M.Williams Stake
- Croesus Retail Trust Seeks to Revive US$300 Million Singapore IPO
- Sharp Continues Cash-Raising Quest
- Australian Ports Sale is Largest Transport Deal Globally in 2013
- 3 reasons you'll spend more at 40 than at 30
- 2 stocks that could soar if Donald Trump wins the election
- TV ratings for Donald Trump's acceptance speech weren't 'huuuge'
- 'The Daily Show' turns 20: A look at its legacy
- 'Late Show' showrunner on going live, Jon Stewart, and reviving Colbert's persona
- Pokemon Go breaks Apple download records
- Will the public get to see Mike Pence's tax returns?
- You can now ride your luggage around the airport
- This is how much loss of NBA All-Star Game will cost Charlotte
- Many 2012 Republican campaign promises have come true under .... Obama?
- Can tech's Four Horsemen live up to the hype?
- Roger Ailes, Republican power player
- Trump is not 'softening' on trade
- 'Stampede' of cash rushing into emerging markets
- Wonder Woman gets her own stamps
- Yahoo sale nears end, Verizon reportedly in the lead
- Why Skechers is having a terrible year
- George Harrison estate offended that RNC used his music
- Leslie Jones: 'I did not leave Twitter'
- Roger Ailes is out -- now come the aftershocks
You have an offer on the table to buy your company – and it feels right, both in terms of who the buyer is and the price they are offering. But you have other shareholders in the business who may not feel the same way… and you have a shareholders agreement in place to ensure that it all goes smoothly – right?
Privately-owned companies often have multiple owners – family members, employees, outside investors or original partners are four common categories. Whatever the origins of your co-shareholders, you need the business equivalent of a prenuptial agreement with all of them if you want to preserve the wealth you are creating or want to realize on your investment when the time comes to sell.
And even if you have been “married” business-wise for a long time, it’s never too late to strike an agreement on how you and your fellow shareholders are going to behave under a few very predictable circumstances, such as:
1. What happens when one of you dies and leaves shares to their children or spouse? Will they be good co-shareholders? And will the other shareholders feel the same way?
2. What happens if you need or want to sell your shares – either because you want to retire or for pressing financial reasons?
3. What happens if you receive an offer to sell the whole company, and not every shareholder is on board with this?
The answers to these are different for different shareholders, but they need to be sorted out, and captured in a legal document, before any of the events described above happen. Waiting until after a shareholder has died, divorced or decided to retire is often too late. And if you have an offer on the table for the whole business that makes sense to respond to, don’t you want to know that there is an agreement in place that will bring everyone along if the price is right?
Thinking of buying or selling a business?
Please call us at +1-416-726-6054 or email at email@example.com