Tiger Factsheets

Why do you need a will ? If you are in business that is likely to mean that you are hard at work building up a valuable business to look after you and your loved ones and provide a way of life. Life events affect work and vice versa. We would therefore encourage business owners to look at their personal planning to ensure that their wishes for their loved ones are just as well looked after as their businesses. Part of a business owner’s…

LLP agreements It’s always good to know that any business partnership you enter into is protected and that, more importantly, so are you. Depending on the type of business arrangement you enter into, it’s always wise consider protecting yourself with a written agreement, even if the person you’re going into partnership with is a good friend or even a family member. What is an LLP agreement? A limited liability partnership sits somewhere in between a limited company and a partnership. It enables anyone who…

Why do you need a partnership agreement? A partnership can be a much more attractive prospect than working alone and can be brought about over a pint at lunch and the shake of a hand, no paperwork needed. However, that does not mean that there are no strings attached… A partnership is not a separate legal entity like a limited company or limited liability partnership and partners generally have unlimited personal liability. For example, each partner will be jointly and…

Shareholders’ Agreements are a safeguard and give protection to shareholders, because they set out the agreement between the shareholders that can be referred to in the event of a transfer, dispute, death, divorce or any other event. This is all the more important in private companies, particularly in family-owned businesses. The standard articles of association really don’t do a thorough enough job.