Create your comprehensive, UK legal, agreement now in under 5 minutes and be protected for life.
Created and curated by qualified UK legal experts
Create your UK legal shareholders agreement in under 5 minutes
Written to protect all parties for all major eventualities
A shareholders’ agreement is a document that clarifies the arrangement among shareholders.
It outlines shareholders’ rights and obligations and what happens if certain activities or incidents occur. It can also describe how a company should be operated.
The agreement also includes information on the management of the company and privileges and protection of shareholders.
When starting a business, no one thinks of issues that might occur, however, a comprehensive shareholders agreement will ensure that the unthinkable does not surprise you!
A Sharholders Agreement can provide protection for minority shareholders by ensuring certain decisions must be unanimous across all the shareholders, rather than based on majority sharholding. This will give the minority shareholders the right to veto and prevent majority shareholders from forcing issues that are not in the best interest of minority shareholders
Disputes
No matter how well run a company is, sometimes shareholders and directors disagree.
Resolving these disputes, without ground rules can be a costly and time consuming affair!
A well prepared Shareholders Agreement is an easy and low cost way to reduce/stop these disputes as it instructs stakeholders on how things need to be resolved.
Control Transfer Of Shares
Generally, shareholders have limited inputs or rights to the day to day running of the company. A good shareholder agreement (like ours) can force directors to get shareholders consent on important decisions making them more accountable
Deadlock
Possible the biggest issue in smaller (2 person) businesses.
If/when shareholders and directors do not see eye to eye the inability to reach a consensus on key matters will result in a deadlock which may bring the company’s business to a standstill. This can be prevented by ensuring the Shareholders Agreement contains a deadlock provision to allow a quick resolution .
Once signed up, it will take less that 5 minutes!
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