Gone are the days when business partners would give one another their word and seal it with a handshake. A written agreement amongst owners is critical to the success of a business. A Shareholder Agreement, an LLC Member Agreement, or a Partnership Agreement specifies how the various owners will operate the business. Agreements contain the method and manner by which owners will be compensated for their investment either through dividends or distributions. An Agreement will also have a redemption provision, or “Exit Strategy,” that will direct how owners can be compensated should they wish to sell their interest. Should a dispute amongst owners arise, Agreements can limit the severity of issues and streamline resolution.

If you or your business is in need of a Shareholder Agreement, Partnership Agreement, or a Member Agreement, contact the Law Office of Ryan C. Solis to schedule a consultation to discuss your Agreement needs.