Private Company Partnership Agreements
Every director, partner and or shareholders of private companies should read the article in today's press regarding Primo Meats.
I bet that the original founders could never have imagined the situation that is being played out in the courts today. As usual it has been initiated after the death of one of the partners and the divorce of the remaining business partner.
Without knowing all the details, I was attracted to the story by the AGE headline Divorce share battle eats at future of Coles supplier Primo Meats.
I would also suggest that main losers will be the business, its employees and the next generation of family members.
The battle in the family court should make every business partnership review their business and/or family constitution.
Bill Winter
I bet that the original founders could never have imagined the situation that is being played out in the courts today. As usual it has been initiated after the death of one of the partners and the divorce of the remaining business partner.
Without knowing all the details, I was attracted to the story by the AGE headline Divorce share battle eats at future of Coles supplier Primo Meats.
I would also suggest that main losers will be the business, its employees and the next generation of family members.
The battle in the family court should make every business partnership review their business and/or family constitution.
Bill Winter
posted by Bill Winter at 7:21 PM
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