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Shareholders' Agreements

When you start up in business and as your business grows and develops, you hope that everything runs smoothly. Having the right legal documentation in place can help you achieve this and provide you with peace of mind.

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. Call us today on 02392 801 102

 

Team members

Caroline Whitaker
Consultant Solicitor, Company Commercial
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