In this country it is common for businesses to be operated through either a small limited company or a partnership. Unfortunately the fact that you get on well with your colleagues at the start does not mean that you will continue to do so. Obviously one way of ensuring you continue to play an effective role in your business or that you receive the benefits of your investment should you wish to withdraw is to make sure that either a proper partnership deed or a shareholder agreement is put in place.
Although these documents certainly improve your position, disputes over their meaning and effect nevertheless arise. If you are unfortunate enough to experience such a dispute it is important that these are resolved as quickly as possible to ensure that the business suffers minimal disruption or that you receive what is due to you so that you can continue with other ventures. At Slee Blackwell we are able to offer specialist advice in respect of both the legalities and commercial realities.