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hi Im Charles Bethan welcome to the veteran law firm pcs video educational series todays topic is the importance of shareholder and partnership agreements Joseph every growing business whether its a Corporation and LLC a joint venture or limited partnership if they are growing they need a thought-out structured and negotiated company agreement can you give us some reasons as to why someone would want frankly its because while you when you start your business you know who youre dealing with there are certain events in life that can arise and suddenly you may have someone unexpected sitting at the business table with you theres five common situations where this going to rise obviously if your partner dies if one of you yourself or your partner gets a divorce if perhaps a shareholder wants to sell to a third-party thats referred to as a disposition the other situation as we mentioned in a previous video segment was fiduciary duty issues that arise and finally what happens when an