A Partnership Agreement is a contract between all of the partners in a business which outlines each partner’s duties and responsibilities, governs important matters that arise from the business, and details processes for making business decisions and for resolving...
The diversity of a family farming enterprise combined with the dynamics of the family unit can raise challenging and complex issues. The topic of succession planning is often a highly emotional one. The respective contributions from individuals to the farming...
Most people recognise the importance of having a Will to determine how their estate is distributed when they die. If you are self-employed, a partner in a business or co-director of a company, having a ‘Will’ or succession plan for your business is equally important....
Starting a business requires careful planning and consideration. A failure to allow for unforeseen events or for ways to resolve future disagreements could put your new venture at considerable risk. The repercussions of failing to plan are clearly illustrated in a...
Managed to get through the Christmas period? For many, that means enjoying (or for others surviving) time with family away from work. But what about if you are in a family business and the divide between work and family is blurred or sometimes non-existent? The...
You may have heard of the concept of a business succession or “buy/ sell” that deals with the exit of a business proprietor in the event of an event such as death or disablement. Here is how it works based on a case study and solution. Want to know more?-...
