Published on 13 Nov 13
by QUEENSLAND DIVISION, THE TAX INSTITUTE
Whilst everyone appreciates, broadly, the benefits of pre-nuptial or binding financial agreements, Governance Agreements (e.g. shareholder agreements) in relation to businesses often fall by the wayside. There are some fundamental elements that ought to be incorporated into a Governance Agreement regardless of the entities involved. This paper covers:
- the essential elements to be incorporated
- how to deal with the 'uninsurable elements'
- tax issues relating to these agreements
- some practical examples of the different examples, you're likely to encounter.