Clear agreements reduce disagreements by setting expectations for control, profit sharing, and decision making. They provide mechanisms for resolving disputes, define triggers for buyouts, and protect minority interests. For growing Largo businesses, a robust governance framework supports funding, succession planning, and orderly leadership transitions with confidence.
A thorough governance framework defines voting rights, management authority, and decision thresholds, reducing ambiguity and enabling efficient responses to opportunities and challenges.
We take time to understand your business goals, ownership structure, and risk tolerance, delivering clear, enforceable documents that align with strategy and compliance requirements.
We provide periodic reviews, updates for changes in law or business needs, and proactive guidance to maintain compliance and governance effectiveness.
A shareholder agreement governs relationships between shareholders and the corporation, outlining voting rights, restrictions on transferring shares, and buy-sell terms. It provides a framework for how major decisions are made and how ownership interests are protected during changes in leadership, financing, or ownership structure. A partnership agreement governs how partners in a business entity collaborate, including capital contributions, profit sharing, decision rights, and dissolution procedures. It defines each partner’s duties, obligations, and how disputes are handled to maintain smooth operations.
You should update when ownership changes, new investors join, or there is a material shift in business strategy. Major transactions, mergers, or leadership transitions often require revisions to reflect new terms and protections. Regular reviews, at least every few years or upon triggering events, help ensure the document remains aligned with law, market conditions, and business needs.
Yes. Agreements can be tailored to fit the size and complexity of the business, with simple governance for small teams and more detailed terms for expanding operations. Customization ensures terms reflect ownership structure, risk tolerance, and growth plans while remaining practical for day-to-day management.
While not legally required, engaging counsel helps ensure compliance with Maryland law, accurate capture of business goals, and robust enforcement. A lawyer can tailor provisions, address potential gaps, and provide negotiation support to protect investments and governance.
Buy-sell values are typically determined by a defined method such as a fixed price, a targeted appraisal, or a formula-based valuation. The chosen method should reflect the company’s stage, market conditions, and funding considerations, with funding arrangements clearly described to avoid funding shortfalls during a buyout.
Deadlock occurs when owners cannot reach agreement on a critical issue. Remedies include mediation, expert determination, or triggering a buyout so operations can continue. Deadlock provisions prevent stalemate from stalling the business and provide a clear path forward.
Yes. Well-drafted agreements clarify ownership, governance, and exit terms, which can reassure investors and lenders. They establish predictable rules for capital calls, equity transfers, and dispute resolution, supporting financing rounds, strategic investments, and long-term growth.
The governing law is typically that of the state where the company is organized or where the majority of ownership resides. Maryland law commonly governs corporate and partnership arrangements in this jurisdiction, with provisions designed to reflect relevant statutes and case law and ensure enforceability.
They can address dissolution scenarios, including winding down, asset distribution, and transition of ownership. Provisions for dissolution help ensure an orderly process, protect creditors, protect minority interests, and minimize disruption to ongoing operations during termination.
Timeline depends on the complexity of ownership, number of stakeholders, and negotiation depth. A simple arrangement may conclude within a few weeks, while more complex structures with multiple investors and cross-border considerations can take longer to finalize.
