Thursday 5 September 2019

First impressions matter because you don’t get a second chance to make one . . .

So often in life – First impressions matter because you don’t get a second chance to make one . . .

As I said to the (apparently genuine) financial institution who contacted me over recent days - whom I had initially identified as #financial #fraudsters / #cyber-#criminals!

Wednesday 4 September 2019

Owner-Managed Businesses > 'Yet More' Quasi-Partnership Disputes

After yet another 'first approach' by entrepreneurs involved in a bitter dispute relating to a business they founded - I have reflected upon my experience of the numerous such circumstances I have legally advised and assisted with over the years. 

My experience in ‘quasi-partnership’ disputes relating to owner-managed companies at ventures in their development stage – Is that, if matters can be resolved by mutually satisfactory agreement, that is ultimately likely to be the best solution for all interested parties.

In a world in which civil legal aid has effectively completely ceased to exist – and in the absence of funding arrangements that adequately provide a means to fund skilled legal advice regarding such a situation – it regrettably can be quite expensive to be ‘fully lawyered up’.

That’s the reason I seek to provide a condensed and comprehensive legal consultation based upon the factual position – so that those who instruct me are ‘forearmed’ as to the situation they face and the options they have - allowing them to make better decisions towards resolving their difficult situation.

Ideally, upon founding a venture – a detailed set of Articles of Association and a relatively short Shareholders Agreement (which deals amongst other matters - with the situation of founders subsequently discovering they are unable to work together)  is highly advisable – but that in turn raises the following quandary:-

Those who go to the time, effort and expense of agreeing on such documentation – tend not to ‘fall-out’, because relevant aspect and issues are considered, discussed and agreed at an early stage.

Conversely – those who don’t are much more at risk of ‘acrimony’ (and the failure to expend a sensible legal budget early in the venture process are - in my view – making a false economy).

Never be afraid to contact me for an initial entirely 'no obligation'  conversation.

Regards

Dan.Johnson@EquitableLaw.com

+44 (0) 7788 537 187 = U.K. Cell. (& e-Tel.)

www.EquitableLaw.com