Legal Business Contract Agreement AdviceI would like advice to draft a new business contract tailored specifically for our Forestry Contractor business
that we are possibly looking to go into partnership with shortly and negotiate
the terms of any contract on our behalf? We are currently looking for any
support or advice of structure and best contractual approach for myself
and my husband. What information or documentation would I need to provide
for such transaction to go through?Some background:Current Structure – one current owner (this owner
eventually wants out of the business)New Structure – Three ownersEnd Structure – Two owners
Advice on Business structure
Advice on Business agreement
We are planning on going
into business with zero finance.
We plan on eventually buying
the owner out with any income (our share) made from the business. (The
only way I can give example or think of it is like a rent to buy type)
New owner would receive
salary, Fuel card (on business)
Full control of daily
management running of business would be new owner
I would do payroll and basic
Want to set a payout figure.
Access to all books
Current owner would be a
silent partner until paid out.
What if things go pear shape
in a few years ….
I’ve probably missed the boat on a heap of things,
can you help, if so what costs would be involved?
Question submitted 28/04/21 @ 06:41pm