Free Business Healthcheck in partnership with HR Vitals
Wolferstans are pleased to offer all subscribers of HR Vitals a Free Business Healthcheck.
Many business owners have not had the time to focus on some of the internal housekeeping that can come back to bite you if it has not been reviewed. We have partnered with HR Vitals to offer you a Free Business Healthcheck.
The Healthcheck includes a review of your terms and conditions with customers, in addition to a review of either your Shareholders or Partnership Agreement. The review of your customer terms and conditions will be conducted on a traffic light system whereby we will review each clause and confirm whether it is fit for purpose (green), could be improved (amber) or is a risk to your business and you should seriously consider amending the clause (red). The second part of the review (Shareholder/Partnership Agreement) is a deeper dive, further information is contained in the headings below.
Have you checked if your business agreement with your partner, father or fellow proprietor is completely watertight? Does it cover all eventualities? Is it suitable for how your business has changed over the years?
We strongly suggest that businesses review their partnership or shareholders agreements at least once annually and more frequently than that if there are plans to make any changes to the business – whether they are changes to the partnership’s structure or changes to the way that it is run on a day-to-day basis.
We are offering it for free, to Jennifer Webb’s vital subscribers, as part of the business health check.
While it is always advisable for shareholders to have a shareholders’ agreement in relation to a company that they own, it is often the case that periodic amendments or changes are needed to update changes in the business or changes in the law.
If a shareholders’ agreement is not reviewed regularly, it could no longer work as intended, particularly if there are major changes in the shareholders’ circumstances, and that could reduce the amount of control that the shareholders have if the business takes an unexpected turn.
We strongly suggest that businesses review their shareholders’ agreements at least once annually and more frequently than that if there are plans to make any changes to the business – whether they are changes to the partnership’s structure or changes to the way that it is run on a day-to-day basis.
While it is always advisable for business partners to have a partnership agreement in relation to a business that they own jointly, it is often the case that periodic amendments or changes are needed to update changes in the business or changes in the law.
If a partnership agreement is not reviewed regularly, it could no longer work as intended, particularly if there are major changes in the partners’ circumstances, and that could reduce the amount of control that the partners have if the business takes an unexpected turn.
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| James Twine Head of Business Services |
Joshua Chauhan Head of Corporate Law |
Victoria Sargeant Head of Education and Employment |
If you would like to arrange your Free Business Health Check at a time convenient to you, please contact James Twine on 01752 292351, fill out the enquiry form to the side of this page or start a live chat now and one of our team will be able to help.