Drawing up a shareholders' agreement
When a limited company has several owners, a shareholders' agreement settles in advance the situations that would otherwise cause disputes. It is best done right at the start, while everyone is on good terms. This guide covers the key terms and how to work on them.
You will need
- All shareholders present
- The articles of association
- Information on how the shares are divided
- Notes on the agreed roles
- A lawyer's review (recommended)
Steps
Discuss your goals
Go through where the company aims to be in five years, who does what and how much money or time each of you will invest. Write down any disagreements straight away.
Agree on decision-making
Record work input and pay
Agree on transferring shares
Set the terms for leaving
Add non-compete and confidentiality
Agree on dispute resolution
Have it reviewed and sign
The full guide with every step is for members. Try 7 days for €0.99.
People also search for: shareholders agreement template · what should a shareholders agreement include · how do we agree on buying out a leaving shareholder · co-founder agreement finland · shareholders agreement for a small limited company with two founders