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Shareholder/Partnership Agreements 

Any business Partnership or Joint Venture needs to be well documented to ensure that all parties understand the purpose of uniting forces. 

The Shareholder/Partnership document (Agreement) should stipulate from the outset the expectations of respective individuals within the Partnership, the operation of the business within the structure and the formal procedure for allowing future partners to be admitted and existing partners to depart/retire. 

All clients in Partnership require a formal agreement. Progression Group have had significant experience in preparing shareholder agreement briefs which are subsequently presented to the Lawyer of your choice (or our preferred Lawyers) for formalisation. 

We have an extensive checklist for your consideration with many precedents depicting successful and problematic clauses within Partnership arrangements. 

Having a documented Agreement eliminates a significant risk in your business.

Uncertainty in any business creates angst and often leads to feud resulting in dissolution and often unwanted costly litigation. Our agreement briefs cover a range of aspects including:

  • Suggested operating structure
  • Business objectives
  • Business management
  • Board meetings/resolutions
  • Shareholder meetings/control issues
  • Exit strategies and valuation methodologies
  • Restraint undertakings
  • Funding options
  • Solutions for deadlocks and many other Partnership issues that require serious deliberation.

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A few years ago business became really tight. We were under constant pressure and could really feel the heat building as cashflow became tighter with rising fuel prices and labour costs.

– Brian Harper, Director, Region Peak Transport Pty Ltd

An opportunity presented for me to buy into a business. Whilst I knew the industry, I didn’t know where to start in terms of determining what the business was worth and how I could protect myself and my family.

– Nick Stehr, Director, Healthcare Lifting Specialists Pty Ltd

Thank you Progression Group for caring, assisting in obtaining some restitution and saving our business. We now have the tightest internal control mechanisms of any business!

– Timothy Eagle, Director, Eagle & Stork Plumbing Pty Ltd

Progression Group acted for my business from when it was a small outlet in Coburg turning over $60,000 through to when we sold the business 10 years on, turning over $12m from a large commercial premise based in Brunswick.

– Jon Amiss, Former Owner, CDS Gourmet Foods

As sole Director, I continue to meet with Progression Group on a quarterly basis to review our business performance. Establishing budgets and constantly monitoring actual results guarantees business success.

– Simon Best, Director, SBV Pty Ltd trading as Barry Plant (Mitchell Shire)

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