Business Terms - Partnership Agreement
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Description
Experience Level: Entry
Hello,
A friend and I are working on a collaborative project, and have currently invested £3,000 into the project. We've reached a stage in which we should probably have some form of cover (individually) and also for the company. At this stage, we are looking for very basic security, as it will likely change in another 6 months - once we receive investment.
We're looking for a solicitor who can help us create the relevant documents, which are simple and clear whilst we are in the self-funded stage. We will need a shareholder agreement, basic terms and articles of association.
The company is dormant, and was resisted back in 2012. Both of us are directors, with significant control, but we will need assistance in allocating 50% shares to the other individual - currently I hold 100% of the company.
A friend and I are working on a collaborative project, and have currently invested £3,000 into the project. We've reached a stage in which we should probably have some form of cover (individually) and also for the company. At this stage, we are looking for very basic security, as it will likely change in another 6 months - once we receive investment.
We're looking for a solicitor who can help us create the relevant documents, which are simple and clear whilst we are in the self-funded stage. We will need a shareholder agreement, basic terms and articles of association.
The company is dormant, and was resisted back in 2012. Both of us are directors, with significant control, but we will need assistance in allocating 50% shares to the other individual - currently I hold 100% of the company.
Nick G.
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