Why does your business need a shareholders’ agreement?

As a business owner you need to beware of the “one-size-fits –all” arrangements set out in the Companies Act and the model articles which are often adopted by a new company.

The purpose of a shareholders’ agreement is to tailor these arrangements to fit the specific requirements of your business and its owners.

Things to consider

  • What happens to the shares in your business if a shareholder wishes to leave the company or on their retirement, incapacity or death.
  • Who actually controls the company?  Is additional protection required?

Getting advice

You need to take legal advice at an early stage so that:

  • the position of the shareholders and the company can be understood and where appropriate protected; and
  • you can avoid common pitfalls.

 

We can help you get the right legal documentation in place for your business.