Owners may agree on the business idea while having different expectations about authority, money, and the future. An ownership agreement is an opportunity to address those expectations before a new investment, disagreement, or departure puts them under pressure.
Brown & Blaier’s corporate and contract work includes operating agreements, shareholder agreements, voting arrangements, and buy-sell provisions. We help put the proposed business arrangement into documents that reflect the owners’ decisions.
The appropriate documents depend on the type of entity, its existing records, and the arrangement under discussion. An LLC operating agreement and a corporation’s shareholder agreement serve different organizational settings.
For an existing business, the starting point may be a new owner, a proposed transfer, a change in management, or an agreement that no longer reflects how the company works.