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cari-rincker · 1 month
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In this episode of The Billable Mom, Cari Rincker speaks with Shahrina Ankhi-Krol, Founder and Managing Attorney of Ankhi-Krol Law, based in New York City. Shahrina is a seasoned attorney specializing in business contracts, trademark, and copyright law for entrepreneurs and small businesses. She shares insights into building a successful law practice while navigating the early days of motherhood and maintaining work productivity without childcare.
Tune in to the episode to hear about:
Building a Successful Law Practice
Navigating the Early Days of Motherhood
Managing Work-Life Balance
Maintaining Work Productivity
Surviving the COVID-19 Pandemic as a Working Parent
Watch or Listen Here: https://t.ly/D36
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alishajoy059 · 3 months
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Unraveling the complexities of corporate agreements, this article explores the nuances between Shareholders Agreements (SHA) and Share Purchase Agreements (SPA). It delineates their purposes, scopes, and key disparities, shedding light on their significance in corporate transactions.
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companiesnext19 · 3 months
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Why is it necessary to have a Shareholders Agreement?
In the realm of corporate governance, the significance of a Shareholders Agreement (SHA) cannot be overstated. Often overlooked in the initial enthusiasm of starting a new venture or establishing a business, a Shareholders Agreement serves as a vital document that outlines the rights, obligations, and responsibilities of shareholders within a company. Its necessity lies in its ability to provide clarity, protection, and structure to the relationship between shareholders, safeguarding their interests and ensuring the smooth operation of the business.
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Understanding a Shareholders Agreement (SHA)
A Shareholders Agreement is a legally binding contract that governs the relationship between shareholders in a company. It typically addresses various aspects such as the management of the company, decision-making processes, rights and responsibilities of shareholders, dispute resolution mechanisms, and provisions for the sale or transfer of shares. Unlike the company's Articles of Association, which are publicly available and apply to all shareholders, a Shareholders Agreement remains a confidential document between the parties involved.
Advantages of a Shareholders’ Agreement (SHA)
The advantages of having a Shareholders Agreement are manifold:
Clarity and Certainty: By clearly outlining the rights and obligations of shareholders, an SHA reduces ambiguity and minimizes the likelihood of misunderstandings or disputes arising in the future.
Flexibility: Unlike statutory provisions, which may be rigid and may not adequately address the unique needs of a particular company or its shareholders, a Shareholders Agreement allows for flexibility and customization to suit the specific requirements of the parties involved.
Protection of Minority Shareholders: An SHA can include provisions that protect the interests of minority shareholders, such as requiring unanimous consent for certain major decisions or providing mechanisms for exit or buyout in case of disagreement.
Confidentiality: Unlike the company's Articles of Association, which are publicly available, a Shareholders Agreement remains confidential, allowing shareholders to include sensitive information or provisions without exposing them to competitors or the public.
Dispute Resolution: By including mechanisms for dispute resolution, such as arbitration or mediation clauses, an SHA provides a structured framework for resolving conflicts amicably, thereby avoiding costly and time-consuming litigation.
Major Clauses of Shareholder’s Agreement
While the specific clauses of a Shareholders Agreement may vary depending on the nature of the business and the preferences of the parties involved, some common clauses include:
Share Transfer Restrictions: Provisions outlining restrictions on the transfer of shares, such as pre-emption rights or rights of first refusal, to control who can become a shareholder and prevent unwanted third-party ownership.
Management and Decision-Making: Clauses specifying the management structure of the company, the appointment and removal of directors, and decision-making processes for key issues such as the issuance of new shares, borrowing of funds, or entering into significant contracts.
Dividend Policy: Provisions detailing the company's dividend policy, including how profits will be distributed among shareholders and whether dividends will be paid regularly or at the discretion of the board.
Confidentiality and Non-Compete: Clauses prohibiting shareholders from disclosing confidential information or engaging in activities that compete with the company's business interests.
Dispute Resolution: Mechanisms for resolving disputes between shareholders, such as arbitration or mediation clauses, to avoid costly and protracted litigation.
Conclusion
In conclusion, a Shareholders Agreement is a crucial document that serves to protect the interests of shareholders, promote transparency and certainty, and provide a framework for the efficient management and operation of a company. By outlining rights, responsibilities, and dispute resolution mechanisms, an SHA helps to mitigate risks and uncertainties associated with share ownership, fostering trust and cooperation among shareholders. Therefore, it is essential for companies, especially those with multiple shareholders, to have a well-drafted Shareholders Agreement in place from the outset, to ensure the smooth functioning and long-term success of the business.
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lexdexsolutions · 4 months
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Legal document templates for small business - contracts, t&c's and more
Running a small business comes with its unique set of challenges, and legal matters shouldn’t add unnecessary burdens. From creating client agreements to forming partnerships, ensuring your business has a strong legal foundation is crucial. This is where affordable and accessible legal document templates come into play. The Challenges Faced by Small Businesses: Small businesses often face legal…
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sharemarketnews01 · 6 months
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riselegal · 8 months
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Most business owners understand that a business contract that is not documented and a handshake is all it's based on is destined for disaster. To safeguard your company here are five things to think about while "sealing the deal" to ensure your company's safety.
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solutionlab · 7 months
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Contract Law, Legal Contracts Online, Draft Contract, Writing a Contract...
https://youtu.be/hZ5pjjma5fw
Contract Law, Legal Contracts Online, Draft Contract, Writing a Contract Agreement
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babyawacs · 7 months
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#fairisfair #eletric #pro #s #decide #on #this #rad ioshack #radiobin #people #your #opinion #woz? .@woz @apple @radioshack @wireduk @california @texas @wire d @cnet @techpowerup @northridgefix @learnelectronicsrepai @zorincomputers @electronicsrepairschool @pcw elt @electric @electronic  #keypoint benefit of doub t hello two filter capacitors on a bq735 chip sa mpled short. this. was not the case before. #keypoi nt i grant you for now the benefit of doubt that your superio chip did not fry that bq chip pin 1+2 and 12+13 because your superio chip handles lower voltages than the bq chip. t hank you for your delivery and hope for more business with you if necessity aris es. please donot handle precise problem identificati on as nuisance as these can break businesscontracts strictly facts based. a ll the best Christian Kiss
#fairisfair #eletric #pro #s #decide #on #this #radioshack #radiobin #people #your #opinion #woz? .@woz @apple @radioshack @wireduk @california @texas @wired @cnet @techpowerup @northridgefix @learnelectronicsrepai @zorincomputers @electronicsrepairschool @pcwelt @electric @electronic #keypoint benefit of doubt hello two filter capacitors on a bq735 chip sampled short. this. was not the case…
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gordillolawfirm · 3 years
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If you consider buying or selling a business, the first thing you need is an asset purchase agreement.
Most people think they can draft their APA and do not understand how complicated these contracts are. A well-drafted APA should be prepared by a lawyer who understands state and federal contract law nuances. It is also important to have a competent attorney review your document before signing it because once signed; there will be little opportunity for change.
Read to learn what an Asset Purchase Agreement is and when do you need it the most? https://bit.ly/3xF6Zms
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boogles · 4 years
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Legal contracts in your bookkeeping business are to protect you and your business. They're not fool-proof. They're as good as the solicitor drafting them... (and some solicitors aren’t very good at their job)... #legalcontracts #legalcontractmyass #businesscontracts #legalagreements #startabookkeepingbusiness #bookkeepingbusiness #signature #signonthedottedline #signaturecontract #howtostartabusiness #howtostartablackbusiness #howtostartbusiness https://www.instagram.com/p/CF6sglKgWeZ/?igshid=15xaful45puzx
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rutujapatil07 · 3 years
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Partnership Agreement All You Need to Know
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A partnership agreement is an agreement between two or more owners or partners of the company, Also it is an internal business contract that includes specific business practices for the partners of a company.
This document helps to establish rules and regulations between partners and how partners will manage business responsibilities investment and ownership.
A partnership contract is a written deal with at least two partners. The primary benefits of the agreement are sharing of profits, losses, and draws. Each partner share all the profit and loss and its mention in the agreement. Generally, this decision among the partners is finalize considering each partner’s business ownership percentage.
Partnership Agreement has many different names, depending on state and industry, and business.
1. General Partnership Agreement: In this agreement, all partners share liabilities, profits, and assets.
2. Limited Partnership: This agreement protects partners who do not contribute capital equally.
3. Limited liability Partnership agreement: This agreement is only for accountants, lawyers, and doctors. and all the partners of the business share expected and equal benefits and responsibilities as well.
4. Formation of Partnership Agreement:
In the formation of partnership under the Indian partnership act 1932, there should be at least two persons in the partnership. This agreement can be oral or written format.
5. Business Partnership Agreement: In this agreement establishes clear rules for the operation of the business. The agreement resolves all the disputes that arise
6. Article of Partnership: This is a contract form among business partners to pool labor and capital & share in profit and loss.
7. Contract-Based Partnership: It is also known as the article of Partnership. This agreement established the term of partnership and agreements between partners. Includes technical details in partnership agreement.
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alishajoy059 · 3 months
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bosseslegalvault · 4 years
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3 AI based contract software streamline the contract management process. Read here to find out.
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eyeologyinc-blog · 7 years
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@Regrann from @kaiology - "It is standard in business to make deals with contracts and agreements. If you're a brand, business owner, or entrepreneur this is not 1920, a handshake is not okay when doing business." Kai Mann #businessowners #businessmen #businesswomen #businessethics #businessagreements #businesscontracts #entrepreneur #legal #contacts #agreements #brands #businessstrategy - #regrann
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