Manage the exit of an owner/equity holder in your enterprise.
Category name Heading 1 Grunt line The situation What we do Why better Speak to a lawyer What is estate planning and why does it matter? Estate planning is the process of arranging how your assets — property, superannuation, investments, and personal belongings — will be managed and distributed after your death or if you […]
9 questions to ask yourself before you sell your business
We have written a lot of technical stuff about selling a business. But we’re finding that more and more people want to understand the best high-level strategy to actually conclude a successful deal. Set out below are 9 key questions you need to ask yourself before you start to sell your business. 1. Do I […]
Hey founder, are you being left behind?
Founding a company is a lot easier than retaining control of it. Part of your journey will necessarily involve other people. First, it may be a co-founder. Then family and friend investors, and ultimately professional investors. During this evolution, the chances of you being left behind, and things getting out of control, increase exponentially. We’ll help you get back in control, with a binding entitlement to what you’re worth.
How do pre-emption rights work?
Most Shareholder Agreements, Constitutions and Partnership Agreements provide ‘pre-emption’ rights. These are rights that require someone wanting to sell an interest in the enterprise, to first offer the interest to the other equity holders. But they do not necessarily require the majority to buy.
Are you first in line? Understanding ‘pre-emption’ clauses
Well drafted ‘pre-emption’ clauses in a Shareholders Agreement or Constitution provide you with important protections. But there are a number of potential traps that you need to be aware of.