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?
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.