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What to look for in a company constitution

In this episode of the DBA Lawyers Podcast, Daniel Butler, Director and Shaun Backhaus, Lawyer discuss what to look for in a company constitution and some of the value-added features of the DBA Lawyers’ constitution.

It pays to obtain quality when obtaining a constitution, especially the many value-added strategies and features that you can obtain from a quality supplier. There are many suppliers of companies that supply generic and poor-quality documentation and many seem to go for non-qualified suppliers. You, especially if you are an adviser ordering a company for a client need to know what to look for. This episode examines why you should make sure the constitution you use is ‘fit for purpose’ and some key points to examine to ensure you acquire a quality constitution; especially as you do not need to pay much more for a quality given the competitive nature of the industry.

Daniel and Shaun discuss several key points such as who has the right to appoint and remove a director, the succession for shareholders and directors and risks from ordering documents from a non-qualified suppliers, especially if you are an adviser.

Daniel and Shaun also cover some of the value-added features of the DBA Lawyers’ constitution including successor directors, guardian shares and the flexibility to operate as a sole purpose SMSF trustee company.

For a chance to have your SMSF query addressed on the show, please send your questions to [email protected].

Related articles and links below.

Not all companies are created equal

Preserve the intended control of a company using successor directors

Is an alternate director for an SMSF better than a successor director part 1

Is an alternate director for an SMSF better than a successor director part 2

DBA Network

DBA Lawyers

Hosts (in order of appearance): Daniel Butler, Director and Shaun Backhaus, Lawyer

30 November 2020