Shares

[Shaggy]

We have someone who wishes to invest in our company, essentially wants to buy shares. He is actually a clinical trainer for us and without getting into the nitty gritty, instead of us paying him, would find it easier and simpler to receive dividends from shareholdership.

The question is, we have no issue in selling the shares, but what type, and how would we contractually issue them so we could get first buy back on them.

He is invloved in only one of our product lines, but would be attaining dividends across the board, can we limit this to dividends on the percentage of business that this product line brings in ?

 

[Antonia @limeone.com]

All of these can be covered in a shareholder's agreement including the revenue arrangements. If you require a quote please email me direct to [email protected]

 

[bwglaw]

As Antonia says these can be covered in the Shareholders Agreement. You can sell your shares for X amount as investment from this person and the amount of shares this person buys will determine the % shareholding. This person then can receive % of profits.

If the person will be a Director too then you will need to provide a Director Service Contract.

We are able to draft the above documents and at this point I advise you to speak with an Accountant also