Ownership / LOS ANGELES

Clear terms for shared enterprise.

JULIAN MERCER / BUSINESS & CORPORATE ATTORNEY

POSITION / 01

Co-owners need a practical system for decisions, capital, distributions, transfers, deadlock, and departures.

SCOPE / 02

THE WORK,
IN FOCUS.

  1. 01

    Operating and shareholder agreements

  2. 02

    Founder and partnership agreements

  3. 03

    Joint ventures

  4. 04

    Partner admissions and exits

  5. 05

    Buy-sell mechanisms

Business partners in a focused planning meeting

BUSINESS CONSIDERATIONS / 03

THE LEGAL ISSUE
IS PART OF A
LARGER DECISION.

01

Ownership and contributions

02

Voting thresholds

03

Transfer restrictions

04

Deadlock and exit pathways

A PRACTICAL PROCESS / 04

I

UNDERSTAND

Clarify the objective, context, people, and timing.

II

ASSESS

Identify the documents, decisions, and material risk.

III

EXECUTE

Draft, review, negotiate, and coordinate.

IV

MOVE

Complete the work and prepare for what follows.

COMMON QUESTIONS / 05

GOOD QUESTIONS.
CLEAR ANSWERS.

When should owners sign an agreement?+

Before substantial value, obligations, or disagreements accumulate.

Can an agreement be updated?+

Often yes, subject to its amendment rules and required approvals.

LET’S TALK BUSINESS.

YOUR NEXT
MOVE DESERVES
GOOD COUNSEL.

DISCUSS YOUR MATTER ↗