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More and more small – medium sized businesses are being set up jointly by more than one person. Many family-owned businesses consist of multiple generations. Often the parties are so focused on the operation of the business and getting the financials right, that they don’t consider the legal risks of structuring themselves like this. The session will outline the key issues that can arise within multiple-owner businesses and what solutions there are available.

Aly Young will cover the following topics during this webinar:

• Alternative structures – partnerships, limited companies, limited liability partnerships
• De facto position under the Companies Act i.e. what the rules are if the parties don’t stipulate the arrangements between them
• Issues that can arise  (i) changing the common goal or purpose (ii) fallings out (iii) unforeseen events (iv) death or illness (v) sale
• Legal solutions including (i) court action (ii) winding up (iii) negotiation/dispute resolution 
• Insurance and opportunities to create operational control/direction

By attending this session you will learn the unforeseen risks that may face multiple owner businesses and how to solve them. 

This session will be of most interest to business owners, accountants, tax advisors and auditors. 

Course Level: Foundation