Are Your Business Contracts Causing you Headaches?
Get in Touch Today for Comprehensive Contract Assistance from Mount Bonnell
When it’s time to draw up business contracts, the last thing your busy business needs is poorly executed paperwork. Here at Mount Bonnell we specialize in business agreements that can help prevent liabilities and costly disputes. We work in partnership with international entrepreneurs to help them expand their business into the U.S.
In contrast to the civil law system that’s prevalent in many European countries like Germany, France, Italy and Spain, U.S. common law requires highly detailed and often long-winded contracts between parties to ensure that all legal eventualities are covered.
At Mount Bonnell Advisors, we offer meticulous attention to detail to help the international entrepreneur navigate these complex contracts; reducing the risk to you created by poorly drafted business contracts.
Choose Mount Bonnell for Support with a Wide Range of Contract Issues, Including:
- Partnership agreements: Protect your business interests with a comprehensive partnership Agreement.
- Shareholder agreements: Get support for shareholder agreements, including minority and controlling shareholders contracts.
- Purchase and sale of business contracts: We’ll ensure you don’t get caught out with poorly executed contracts when buying or selling businesses.
- Operating agreements: If you need an operating agreement for your LLC, we can help.
- Buy-sell agreements: Get expert guidance through all stages of your buy-sell planning.
- Employment contracts: Need a non-compete? Or perhaps a watertight non-disclosure? We help employers to draft, review and litigate a range of employment agreements.
Our years of experience ensure that our clients can feel confident of mitigating potential future legal disputes, and if any should arise we’ll be on hand to protect your interests both in and out of court.
Here’s how Mount Bonnell’s Experienced Advisors will Support you in all Stages of Drawing up Your Business Contracts:
Unfortunately, many business-owners entering into a Partnership neglect to address key issues when drafting Partnership Agreements, leading to time-consuming and costly problems.
Issues can arise from mistakes such as:
- Using ambiguous language
- Including unfavorable clauses
- Not knowing the correct business language to use
- A lack of expert negotiating skills
These factors can lead to poorly drafted business contracts that don’t stand up to scrutiny and lead to potentially expensive disputes. At Mount Bonnell, we understand that a sound Partnership Agreement is key to providing you with a safe framework to protect your interests.
Our advisors can help you to understand which aspects of the business partnership you need to address and to clarify and agree on key issues. We can assist you to agree on areas such as your partnership name, the capital contributions of each partner, how your partnership will make decisions and which duties you will have.
We’ll help you to draw up a robust framework for resolving any disputes, and advise you on how to agree on other potentially contentious issues such as how profits and losses will be divided or how you will proceed in the event of a death of one of the partners.
Here at Mount Bonnell, we have extensive experience in drafting, negotiating and reviewing shareholder agreements for U.S. Corporations that are fully or partly owned by international entrepreneurs.
We can help you deal effectively with a range of issues arising from shareholder agreements including:
- How a board of directors will be elected
- How board meetings will be conducted
- Observer rights
- How voting will take place
- Restrictions and obligations regarding share transfers
- The right of minority shareholders vs. controlling shareholders and how to avoid contentious issues and costly, disruptive litigation
Because of our years of experience assisting corporations to draw up effective shareholder agreements, we understand that there is no ‘one-size-fits-all’ approach to these kinds of contracts.
Your needs will vary depending on the size of your business and the number of shareholders you have. Our skilled advisors will be there to help you draw up the most appropriate agreement, whatever your business size.
Buying and selling businesses can be fraught with potential hazards. Missteps can lead to costly outcomes as you are exposed to unneeded risk or liability. We provide you with detailed and meticulous support to help you with the complex issues that you need to cover when drawing up acquisition agreements.
These include provisions for areas such as:
- Payment terms and purchase price
- Warranties and covenants
- Promissory notes and personal guarantees
- Conditions to meet before closing
- Disposing of issues that may arise from third party involvement
- Bills of sale
- Information about liens and encumbrances
At Mount Bonnell, we specialize in establishing acquisition agreements for international entrepreneurs who are buying and selling in the USA. We also represent businesses throughout the USA doing business throughout the USA.
If you need support to address the transfer of ownership of numerous types of property, from real estate and inventory to intellectual property (such as copyright and trademarks) we’re here to help every step of the way.
Get in touch today to find out how we can ensure you have the guidance you need to make the right decision for your business.
Buy-sell agreements are important contracts that can go into effect when an owner dies, becomes disabled or retires, is made bankrupt or leaves the business for another reason. They are important aspects to cover when you have a co-owned business, as without a buy-sell agreement both the remaining and departing owners can be left unsure of their responsibilities. In these situations, contentious legal situations are often likely to arise.
At Mount Bonnell, we can help you to protect your rights and interests by helping you to set out a buy-sell agreement that will govern:
- When business owners can sell their interest in the company
- What price will be paid for the interest in the company
- Who is buying the interest in the company
It’s important that your interests are protected when you enter into a business partnership, and that you have the advice you need to know your rights and responsibilities. Our experienced advisors can help you to navigate buy-sell agreements effectively so you can protect the future of your business.
Your workforce is the lifeblood of your business, and it’s critical that you have the correct employment contracts in place when hiring labor. You may have a combination of employees and independent contractors working for you and it’s essential that you are able to maximize value through the contracting and negotiating process.
It’s important for the international entrepreneur to understand clauses used in U.S. employment contracts so that you can accurately describe the position and have systems in place to protect you from actions by your employee that could be detrimental to your business.
Mount Bonnell can help you to understand different clauses commonly used in employment contracts and how to effectively navigate them.
These can include areas such as:
- Job descriptions
- Your Policies and Procedures Manual
- How confidential information is to be handled
- Notice of resignation policies
- Arbitration Clause and Non-Compete clauses
At Mount Bonnell, we represent employers in drafting, reviewing, negotiating and litigating all types of employment contracts, ensuring that you can both protect your business and maximize your benefits.
Frequently Asked Questions (FAQs) About Taxes, Company Formation, and Residency in the U.S.
Starting a business in the U.S. can be both exhilarating and exasperating. There is much to know and even more to learn, and the pace of the information coming at you can be overwhelming.
That’s where Mount Bonnell Advisors come in.
Would you like to live your very own American Dream? At Mount Bonnell, we can guide you through the labyrinth of regulation and red tape and out into the blue skies of a dream come true – the dream of living and working in America.
Whether it’s technical issues around tax or residency, or strategic ones involving business formation and growth, the experienced team at Mount Bonnell Advisors are here to help.
So make that dream a reality by booking a consultation today with Mount Bonnell Advisors. Let the adventure commence!