In this episode, we talk to Paolo Lencioni from APL Accountants about the most common issues that occur when going into business with someone in the vet industry, and how to deal with those.
Today’s podcast episode is directed specifically to businesses in the veterinary industry. Paolo and our host Joanna Oakey drill into the different business structures that you can use and the risks of not having the right agreements. They also discuss the importance of shareholder agreements when it comes to going into business with a partner, and the things that need to be covered in them. They also discuss the value of drag-along and tag-along clauses, restraints, reviews, and exit clauses.
Episode Highlights:
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- Common issues when going into a vet business with a partner
- Different business structures to consider
- Risks of not having the right agreements
- What needs to be covered in shareholder agreements
- Drag along and tag along clauses
- Importance of restraints
- Reviews and exit clauses
Connect with Paolo Lencioni:
Listen to the episode here and leave us a review:
iTunes: https://podcasts.apple.com/ph/podcast/the-deal-room/id1267098895
Relevant episodes:
[EP 123] Valuations and M&A in the vet industry – Part 1
[EP 124] Valuations and M&A in the vet industry – Part 2
Our Business Sales and Growth by Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisition process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
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