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Shareholder and Partnership Agreements

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  • Shareholder and Partnership Agreements

    I have setup a limited company with my business partner and we have a pre-existing basic partnership agreement for the purpose of buying a property. As I am funding 100% of the deal we agreed I shall recoup my contributions before proceeds of sale are split but what would be the best way to make this binding? Should this be a term added to the shareholder agreement regarding dividends or should we update the partnership agreement. If the SH agreement says 50/50 shares could I still rely on the terms of our partnership agreement or would it be overruled by the SH agreement. Thanks for any comments.
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  • #2
    Hi BIZMAN2020

    I can't answer the question directly, but the following article might help (only posting link for info) -

    http://www.gridlaw.com/do-i-need-a-s...hip-agreement/

    Comment


    • #3
      Originally posted by echat11 View Post
      Hi BIZMAN2020

      I can't answer the question directly, but the following article might help (only posting link for info) -

      http://www.gridlaw.com/do-i-need-a-s...hip-agreement/
      Thanks

      Comment

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