Strengthening Continuity

14 Jun Strengthening Continuity

When updating your Shareholder Agreement, consider that when you started, your focus may have been:

• Drafted at inception
• Likely only had you in mind
• Management decision, capital limitations, unanimous decisions or unilateral decisions
• Valuation method or formula
• Spouses not involved
• Direct ownership

But going forward, you may now need to consider:

• Set parameters and see your lawyer
• Room for “partners?
• Larger numbers and job descriptions
• Know your business value, do it when needed
• Spouses should sign off on Independent Legal Advice
• HoldCo’s and Trusts – restrictions and opportunities

Joel Rose

With over 35 years of experience, Joel Rose helps families – and their businesses – to prepare for the future. He offers guidance and support to help his clients create estate plans and succession plans that meet the needs of the whole family. Through his extensive professional and personal experience, Joel is known for his compassion and his ability to find a creative solution to meet each family’s needs.