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We help clients around Australia - if you can't meet with us in our offices in Melbourne our lawyers would be pleased to talk with you at your home or office via phone or Skype.
Our solutions: Business succession planning
Have you thought about what would happen if one of your business partners decided to leave the business?
Have you agreed how much the remaining partners would pay for their share to be transferred to them? And by when?
Have you thought about the possibility of one of your business partners dying or suffering an injury or illness that meant they could no longer work?
While these events may be out of your control, Irongroup Lawyers can help you plan for them.
There is no Business Partnership Law Court!
Unlike a marriage or relationship break-up there is no Family Law Court equivalent for partners in business. If you don't agree on who should get what in the event of a break-up you will need to start negotiating. From our years of experience we know it's far better to do that type of planning when it's a 'level playing field' and the departing and remaining partners could be anyone of you.
Talk to us today about planning for an exit from the business and putting agreements in place to avoid this dilemma.
How does our service work?
Irongroup prepares both Exit Agreements and Buy Sell Agreements at a fixed price — taking the uncertainty out of the cost of legal services.
When a client contacts us, we organise a meeting at a time that suits them, either in person, via video call over the web or over the phone.
During this meeting we explain the process including all available options — ensuring the agreement fits the needs of the client and of their business enterprise.
If our client is not sure if they wish to proceed, we can also help them to identify solutions for their particular issues.
To find out more about the potential issues confronting business partners visit our 'Useful materials' page to download a copy of Insights: Issues for Business Partners.
Or for more information on our solutions download a copy of our Buy Sell Agreement Insight and our Exit Agreement Insight.
Have you had a Partnership Agreement prepared in the past? Unfortunately not many Partnership agreements properly address business partners' most critical need — the ability to easily exit the business.
The majority of these agreements usually only offer what is known as a "first right of refusal". But what if your partner refuses to buy you out? What then? It is not always easy to sell a share in a business on the open market. At the very least your partner will need to agree to the other partner buying your share. And while you are trying to sort all this out, what happens to the business?
Protect your investment and ensure you have an agreement in place that really solves the problem — and doesn't just create more. Talk to Irongroup Lawyers today about our Exit Agreement.
