Roles and time commitments
Partnerships / LOS ANGELES
Good partnerships start with clear terms.
POSITION / 01
The best time to define difficult ownership issues is before they become disputes.
SCOPE / 02
THE WORK,
IN FOCUS.
- 01
Ownership percentages
- 02
Decision-making and authority
- 03
Capital contributions and distributions
- 04
Transfer restrictions
- 05
Deadlock, exits, and buyouts
BUSINESS CONSIDERATIONS / 03
THE LEGAL ISSUE
IS PART OF A
LARGER DECISION.
Reserved decisions
Valuation methods
Disability, death, and departure
A PRACTICAL PROCESS / 04
UNDERSTAND
Clarify the objective, context, people, and timing.
ASSESS
Identify the documents, decisions, and material risk.
EXECUTE
Draft, review, negotiate, and coordinate.
MOVE
Complete the work and prepare for what follows.
COMMON QUESTIONS / 05
GOOD QUESTIONS.
CLEAR ANSWERS.
What belongs in the agreement?+
Economics, authority, voting, transfers, disputes, and exit mechanics.
What about a 50/50 company?+
Deadlock procedures deserve particular attention when control is equally divided.
LET’S TALK BUSINESS.