Shareholder / Unitholder Agreements

If you are starting or running a business with any third party a shareholder agreement is likely to be the single most important contract you will enter into.

The main benefits from a property legally drafted shareholders agreement is that all relevant parties are required to consider and plan how the business relationship is to progress.  This often prevents costly disputes which can cost many thousands if they end up in the courts and/or provide a more efficient dispute resolution process if an argument does arise.

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How we can help

A shareholder agreement governs the plans, rights and obligations of those entering into the business and often include complex legal provisions covering:

  1. How disputes are resolved;
  2. What are the responsibilities of each party in the arrangement;
  3. Are the shareholders required to provide financing / labour / equity and on what terms;
  4. What happens if one of the parties wants to exit the business;
  5. Are shares to be offered to current shareholders before being sold to third parties;
  6. How many directors are to be appointed;
  7. How are decisions to be made and are decisions to be by majority / unanimous;
  8. Are parties to be restrained from competing in similar businesses;
  9. Number of required meetings per year;
  10. Financial reporting obligations;
  11. “Tag-along” and “Drag-along” provisions to protect minority shareholders and ensure sales are not held up for majority shareholders; and
  12. Consequences of directors or shareholders becoming insolvent and/or incapacitated.

Why Choose Us

Boutique Firm

business solution for small and medium sized businesses

Tax & Legal All-In-One

Tax and legal at the same place! No need to see a lawyer and then explain the circumstances to your accountant separately

Business Specialists

Specialists in business law, property and tax – we deal with all tax and legal aspects of business on daily basis.

Tech Savy

Tech-savy – unlike some “old-school” solicitors – we leverage technology to provide you and your business with cost efficient services.

Business and Commercial Law

As a boutique firm – you will be dealing with the same small team of advisors-meaning you don’t speak to a new person everytime you call.

Business sale and purchases

Dedicated lawyer and accountant – our principal supervises all matters directly.

Meet Nick

Nick provides legal and tax solutions to start-up/small businesses and individuals. Quite separate to law, Nick understandsbusiness and has hands-on experience launching and running start-up organisations, including some of Australia’s first group-purchasing and consumer power platforms.

Nick is on the Board of the Crowd Funding Institute of Australia and is a Founder & Director of successful Australian crowdfunding plaform OzCrowd.com.

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