Partnership Shareholder Agreements

Why have partnership/ shareholder agreements? Partnership/ shareholder agreements provide a level of comfort and confidence to co-owners; and to other stakeholders in a business. When businesses are being established, owners usually undertake extensive research and due diligence processes to satisfy themselves that the investment (of time, energy, emotion and finances) is going to achieve nominated outcomes. This is all part of business planning: it can be argued that the agreements reached in [...]