Business Start Up Offer

By: Etienne Lawyers  06-Mar-2013
Keywords: New, Business, Startup, Establish, Commence, Fees, Getting It Right, Compliance

Etienne Lawyers Business Start Up package Etienne Lawyers will provide the following commercial services for you and your business: • Terms and conditions of trade for your business; • Credit application; • Charge documentation for money you may lend to the entity that conducts the business; • Employment agreements; • Consultancy agreements; • Distribution agreements; • Advise on real property leases; • Advise on equipment and finance leases; • Establishment of a family trust; • Incorporation of a corporation; • Trade mark application for any trade marks of the business; • Documentation effecting a sale of an existing business to a company; and or • Shareholders agreement. Costs-when payable We will only charge you our professional fees after 18 months after we are first engaged or upon the sale or amalgamation of the business if that occurs earlier. Payment of Our Charges You have two options of how to pay our charges. Option 1 – Payment of charges over time We will provide the scope of work upon securing a charge or traders bill of sale over the business, (as the case maybe). No payment will be required until after 18 months of our first being engaged. Interest will accrue on our fees at the rate of 12% per annum and you will pay the fees after 18 months at the minimum rate of $1,000 per month until the charges with interest are paid in full. Option 2 – Redeemable Preference Share Profit Participation over time We will receive a redeemable preference share in your company with the following rights and entitlements: 1. the right to receive 7.5% of profits of the business each year; 2. the right to receive upon the sale of the business 7.5% of the purchaser price of the business; 3. the company will have the right at any time to redeem the redeemable preference share by paying to us our charges plus interest accrued and capitalized at the rate of 10% per annum. Any payments made by way of profit distribution will not be set off from the amount payable upon a redemption of the redeemable preference share. For example: If the charges are $15,000.00 and $5,000 has been paid by way of dividend under the redeemable preference share, then to redeem the share the $15,000 plus interest must be paid.

Keywords: New, Business, Startup, Establish, Commence, Fees, Getting It Right, Compliance