Do you really need an owner’s agreement (known as either a “shareholder agreement” or an “operating agreement” depending on the type of company) to lay out the rules of the game for running a business: who manages the company, how it is managed, and how it can be sold?
David Leffler, a partner in Culhane Meadows’ NYC office, recently authored an article on this topic for the The Brewers Roundtable newsletter. Although the publication is directed toward about 1,300 brewery owners across the U.S., the issues and points Leffler mentions in the article are applicable to all industries.
Check out the article HERE.