A shareholders’ agreement is an agreement made between the owners of a company, defining the rights, responsibilities, and common operating procedures of the shareholders.
A template for a shareholders’ agreement can be a good starting point. However, it is crucial to tailor the terms to the specific needs of the shareholders. We help you make the right choices by:
- Designing a shareholders’ agreement that fits the needs of the company and its owners
- Drafting clear and understandable terms
- Reviewing the content of the agreement with the shareholders
- Providing guidance on applying the agreement in future situations.
When should a shareholders’ agreement be drafted?
A shareholders’ agreement helps ensure the stable operation of the company and prevents potential conflicts between owners. It is advisable to draft the agreement during the establishment phase of the company or, at the latest, when there are multiple shareholders. It becomes particularly important when new shareholders are brought into the company or when seeking external funding.
A poorly drafted or entirely missing shareholders’ agreement, can expose the company to significant risks, such as disputes between shareholders, decision-making deadlocks, and uncontrolled transfer of shares to outsiders.
A carefully crafted shareholders’ agreement, on the other hand, reduces these risks, clarifies decision-making processes, strengthens the protection of shareholders’ rights, and enhances the company’s appeal to investors and financiers.
Planning of a shareholders’ agreement
During the planning phase of a shareholders’ agreement, shareholders should be prepared to provide basic information about the company, the shareholders, and their goals. This information helps us design an agreement that meets your specific needs.
It is advisable to allocate at least a couple of weeks for the preparation and review of the shareholders’ agreement. Before signing, it is essential to ensure that all shareholders understand the contents of the agreement and are committed to it. Reson’s lawyers will review the shareholders’ agreement together with all the shareholders.
The agreement should also be updated if the company’s circumstances change. For instance, when new shareholders join, it is recommended to review the terms of the shareholders’ agreement.
Contact Reson to ensure that all aspects of your business ownership are in order from the very beginning. With our support, you can guarantee that your company’s operations are built on a stable and well-planned foundation.
