Too often, this is the feeling of regret expressed by clients who entrust me with their cases while the storm clouds are already gathering.
Nobody is immune to market slumps, suppliers that go bankrupt, partnerships that turn out badly, or partners who suddenly become paranoid. However, an "ounce of prevention", as the saying goes, can help put some safeguards in place in order to prevent or otherwise soften the blow.
After purchasing a company, my client wanted to enter into a five-year contract with the seller, the company's former president. On my recommendation, she instead signed a six-month consulting contract. This decision saved her thousands of dollars and avoided legal proceedings, since after only a few months, she wasn't getting along at all with this gentleman!
When starting their business, my client and her partner questioned the need to draft a shareholder agreement. Since they trusted me, they nevertheless decided to go ahead with it. When my client discovered that her partner was a drug addict, she was able to easily break this partnership, as provided for under her agreement.
Ten years ago, Jean and Pierre, who were lifelong friends, founded a company and neglected to prepare a shareholder agreement. Pierre got married, had a couple children and then got divorced a few years later. Distraught, Pierre missed a turn and got killed in a car accident. His children inherited his shares, but since they were minors, their mother exercised their rights. Jean really wanted to buy Pierre's shares, but the ex-wife was convinced that the company was worth a fortune and demanded an exorbitant price. Everything will be settled in court.
See the list of sectors in which I already have expertise.
When's a good time to seek advice? Better beforehand rather than afterwards!
If you think legal advice is expensive, wait till you see what it costs to defend yourself!
My sound legal and business advice will help you reach your growth objectives and stay OUT OF COURT!
Contact me and let's figure out how I can help you with your growth objectives while protecting your business.
TO LISTEN - TO INFORM - TO ADVISE - TO PROTECT
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