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How (and Why) To Prepare A Shareholders or Operating Agreement
Only $10 When You Register Before 7/19/2024!
Live Event (online)
Date & Time: July 23, 2024, 4:00pm MDT
Cost: $15.00
Duration: 60 minutes Language: English Register Now
About the event

Does your business have more than one owner?

If so, then a comprehensive shareholders agreement (or operating agreement for LLCs) can be essential.

For companies of all sizes, it is one of the most important, yet most overlooked agreements. At minimum, a properly drafted shareholders agreement will help ensure that the owners’ vision, goals, and expectations are understood and aligned. And in the event of a shareholder dispute, it may literally save the life of your company (as shareholder disputes are one of the leading causes of litigation).

Topics for this seminar will include:

  • Why every company with more than one owner should consider having a shareholders or operating agreement
  • Management issues
  • Understanding the decisions every company will often face
  • Structuring the management hierarchy
  • Selecting (and replacing) decision makers at each level
  • Ensuring continuity of management
  • Economic issues
  • Determining what constitutes “profits”
  • Deciding how and when the profits get distributed
  • Capital calls
  • Issuing, transferring and redeeming shares/units
  • Anti-dilution
  • Planning for an eventual liquidity event
  • Tax considerations
  • Avoiding phantom income in S corporations and LLCs
  • Preserving (and revoking) S corporation status
  • Information and audit rights
  • Dispute resolution
  • Why litigation or arbitration may not work
  • Buy/sell provisions
  • Alternative dispute resolution mechanisms
  • Ways to resolve disputes
About the presenters
Brian Burt
Brian J. Burt
Brian J. Burt is a Partner with Snell & Wilmer L.L.P., and serves as Chair of the firm’s Emerging Business Group.
Read Brian's full bio
712 H St NE PMB 98848
Washington, DC 20002
(303) 927-3480

Copyright © 2024 SCORE Association,

Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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