Partnership Agreement

Business Partnership Agreement
and Shareholder Contract

When it comes to starting a business, everything you do at the beginning will affect how your company is managed and run on a day-to-day basis. Having a solid business partnership agreement (or shareholder contract) in place from the start can be a way for you and your partners to dictate the details of everyday operations.

Before a dispute arises, a business lawyer from Business Law Southwest can help you draft documents to reduce the risk of partnership disputes later.

Why Your Business Needs a Partnership Agreement, Shareholder Contract or By-Laws

Having a partnership agreement, operating agreement or shareholder contract (commonly called “corporate by-laws”) drafted by one of our business lawyers can set guidelines for how to proceed with everyday business. One of these contract agreements can also:

• Legally define what your business entails
• Set parameters for how long the company will be in business
• Provide enforceable rules for owners leaving the business
• Provide for parameters on sale of interests in the business
• Set legally-binding guidelines for what happens after an owner dies, or gets divorced

Having these binding agreements at the inception of your business will not only allow roles within the company to be clearly defined, it will also guide how any future disputes will be handled. Particularly, having an agreement can save money in the event of a Business Break-Up. Save your time and money by having an enforceable partnership agreement, operating agreement or shareholder agreement put into place with the help of a business lawyer from Business Law Southwest.

What To Do If You Don’t Have a Contract or Agreement with Your Business Partners

Although disputes are easier to resolve when there is an existing business partnership agreement, operating agreement or shareholder contract in place, you still have options if you do not have one. Without a contract between partners, members or shareholders, state law dictates what you can and cannot do. A business lawyer from Business Law Southwest can help you understand the legal issues and advise you on the best course of action. We can help you follow the law while protecting your interests! Contact us today.

Business Law Southwest provides Many Legal Services for Partnership and Businesses

Refer to our Partnerships practice area, to see the range of legal services we provide for partners. We also help with Corporate Formation, LLC Formation, Corporate Governance and Buy-Sell Agreements, among many other legal services provided exclusively to business leaders.