A shareholder agreement is a private contract between owners of a company that helps if things change or go wrong. Even when going into business with family and close friends, there is always the potential for disagreement in the future. Business owners who have put a well-written shareholders agreement in place will be better protected as a well written shareholder agreement will set out a legal process for how to resolve matters when they get tricky.
Shareholders agreements are crucial to establish a series of rules that govern the relationship between shareholders and set out how the business will be run.
We can help with the following typical areas that are contained in a shareholder agreement:
- who owns the shares
- who are the directors
- who makes the decisions
- what happens if a shareholder dies
- what happens if a director leaves
- what happens when you want to sell the company