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were a registered business broking firm we focus across Australia and facilitate the buying and selling of financial planning books and practices today were talking to Martin Checketts from mills Oakley lawyers about some of the legal aspects of buying and selling a financial planning business if you co-owned a financial planning business with one or more business partners its really important to put it an agreement in place between you to regulate your relationship ongoing if youre on the business through a company structure that agreements called a shareholders agreements if you run it through a unit trust its a unit holders agreement if you ran it through a partnership its a partnership agreement etc one important cause that you should think about is whether there will be dragged along and tag-along rights in your shareholders agreements a drag along right is essentially the right for the majority owner to procure or ensure the sale of the entire business or share capital to
