Have you ever thought about how much control you really have in your business, even if you're the founder or the majority shareholder?

Erika Moralez-Perez, a commercial lawyer highlighted the crucial role of shareholders agreements in businesses. One key insight that stood out is the need to grasp the setup and structure of your business to ensure you have the control you desire.

For business owners, it's vital to understand that having other shareholders impacts decision-making and potential future exits. A shareholders agreement sets the ground rules, covering scenarios like unplanned exits due to death or disability, the valuation of shares, and even post-exit restrictions on competition.

This emphasises the significance of having a clear, legally sound document that outlines the rights and responsibilities of each shareholder. It not only provides protection but also ensures a smoother and transparent exit process.

As a business owner, understanding the setup and structure of your business equips you to make informed decisions and maintain the level of control you desire.

Watch the episode here: https://succession.plus/uk/podcasts-uk/guiding-through-shareholder-agreements-securing-control-protection-and-seamless-exits/

If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.

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