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Co-Founders And Business Partners | Sprintlaw

Starting a business with co-founders or business partners is an exciting journey. But as your business grows, without the right legal precautions, your partnership and business success can be at risk. That’s why it’s important to take the right legal steps needed to build a solid foundation with your co-founder or partner, and prevent your shared dreams from turning into a nightmare. Sprintlaw's free Legal Webinar and Q&A is designed to help you understand the legal essentials needed to work with a co-founder or business partner, to ensure you and your business are set up for success. We'll cover key legal topics, including: ✅ Choosing the right business structure ✅ Understanding shareholders agreements ✅ Key clauses including defining roles and responsibilities, equity splits and vesting schedules, IP ownership, non-competes, and decision-making processes Learn more about Sprintlaw and how we help businesses here: https://sprintlaw.com.au/ Disclaimer: Please note that information provided in this presentation is general advice only, and should not be relied on as legal advice. You should obtain specific legal or other professional advice before relying on any content contained on this website. Chapters: 0:00 Introduction & Sprintlaw Overview 1:52 Choosing the Right Business Structure 5:31 Company Structures: Operating vs. Holding Companies 10:01 Trust Structures and Asset Protection 12:00 Expanding Internationally with Multiple Entities 13:04 Key Agreements for Co-Founders: Shareholders & Partnership Agreements 20:38 Critical Clauses in Shareholders Agreements 24:06 Decision-Making Processes in Co-Founded Businesses 27:01 Vesting Schedules for Co-Founders 31:59 Dividends & Profit Distribution 33:40 Drag-Along and Tag-Along Clauses 35:51 Dispute Resolution Between Co-Founders 38:05 Termination & Non-Compete Clauses 41:10 Other Important Agreements for Business Partners 45:03 Handling Capital Contributions from Co-Founders 50:00 Insurance vs. Liability Structures for Founders