If you intend to be in business with another person, whether it be your best mate or a colleague, it is extremely important that you have a written agreement between you that includes things such as how the business is to be run, what direction the business is to take, what decisions require everyone to agree, and what happens if one of you wants to sell your interest.
Whether you are providing goods or services, your business will need Terms of Trade drafted specific to the way you do business.
Without the right legal framework supporting your business structure, if you later found yourself in a disagreement with your business partner or customer, it could cost you money and relationships. If you decided to cut costs by not getting legal advice, you could later find yourself paying a high price when there is a lot more at stake.
We would love to help you grow your business with the right legal framework supporting you. Please contact us to discuss how we can do that for you.
By Jude Spicer | Director
The information contained in this article is provided for informational purposes only and should not be construed as legal advice on any subject matter.
