Legal Documents for
Making Business Partnerships
Make your shareholders, investors, and business partners happy with clear agreements about how you'll work together.
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Unanimous Shareholder Agreement
A Unanimous Shareholder Agreement, also called a “USA”, is an agreement among all the shareholders of a company. Think of it as the rule book for your business relationship. It says who gets to buy new shares in the company and how you’re allowed to sell your shares. It also says how you’ll vote on important business decisions and what happens if you want to sell the company. We’ll even go over things you may not have thought about, like what happens if someone goes bankrupt or goes through a divorce and someone else claims that person’s shares. All that and more is set out in your Unanimous Shareholder Agreement.
Joint Venture Agreement
Entrepreneurs and innovators love to work together, and some great business gets done when they do. But, you may not want to create a formal partnership right now like you would with a new company. That’s where a Joint Venture Agreement comes in. It allows you to set up a project and work with another company, much like a partnership, without creating a whole new company or formal legal partnership. We’ll outline your project and what each of you will do and be responsible for. Your Joint Venture Agreement will also say how you will vote on major business decisions and how money will go in and out of the venture. We’ll go over these and other big deal points to keep your project and working relationship on the right track.
Subscription (Purchase) Agreement
Found someone that wants to buy into your business? Amazing, it’s a great way to build a team and finance your business. Your legal agreement for selling a piece of your business doesn’t have to be a headache. We’ll go over the key things to put into your agreement when someone buys into your business.
This agreement works for corporations and partnerships.
Letter of Intent
A Letter of Intent is a “handshake” deal put down on paper, letting you write out your major deal points so you can move ahead. A Letter of Intent includes things like a description of the deal or project, cost and profit sharing, and other key points that will eventually go into a larger, binding agreement (like a Joint Venture Agreement or a Services Agreement). A Letter of Intent can also include confidentiality promises and agreements to not shop the deal (meaning the other person can’t use your offer to shop around for something better). We’ll guide you through it.
Limited Partnership Agreement
Limited Partnerships are less common than Corporations. The main reason you start a Limited Partnership is for tax planning, because Limited Partnerships are not taxed. Instead, the income from the business flows through the partnership without being taxed and on to the partners, who are taxed. That’s a benefit over a Corporation, which is taxed on its own. But there are some drawbacks. The Limited Partners are not liable for the business debts and obligations unless they take an active part in managing the business. If they do, the Limited Partners then become fully liable for the business. So, Limited Partnerships are mostly meant for allowing others to invest in the business and earn a return, without taking an active part in the operations.