Emerging Business

Does your business have more than one owner? If so, then a comprehensive shareholders’ agreement (or operating agreement for LLCs) may be essential.

For companies of all sizes, it is one of the most important, yet most overlooked agreements. At minimum, a properly drafted shareholders’ agreement may ensure that the owners’ vision, goals and expectations are understood and aligned. And in the event of a shareholder dispute, it may literally save the life of your company (as shareholder disputes are one of the leading causes of litigation).

Snell & Wilmer invites you to the next program in the Emerging Business Seminar Series^TM, where partners Brian J. Burt and Bill Kastin will discuss how to prepare shareholders’ and operating agreements.

Topics for this complimentary seminar include:

• Why every company with more than one owner may want to consider a shareholders’ or operating agreement
• Management issues
  • Understanding the decisions every company will face
  • Structuring the management hierarchy
  • Selecting (and replacing) decision makers at each level
  • Ensuring continuity of management
• Economic issues
  • Determining what constitutes “profits”
  • Deciding how and when the profits get distributed
  • Capital calls
  • Issuing, transferring and redeeming shares/units
  • Anti-dilution
  • Planning for an eventual liquidity event
• Tax considerations
  • Avoiding phantom income in S corporations and LLCs
  • Preserving (and revoking) S corporation status
• Information and audit rights
• Dispute resolution
  • Why litigation or arbitration may not work
  • Buy/sell provisions
  • Alternative dispute resolution mechanisms
  • The best (and easiest) way to resolve disputes

For more information, and to RSVP, click here.