A Shareholders Agreement is created to make provision for all parties to provide a strategy on how to deal with significant issues, relating to the company, to offer certain protections to shareholders.

Shareholders Agreements should also be drawn up when a third party intends to make an investment in your company and O’Donnell McKenna Solicitors would be delighted to advise you on how to go about drawing up such agreements.

A typical Shareholder Agreement should regulate following issues:

• who is responsible for the day to day running of the company?
• what entitlement do the shareholders have to appoint directors to the board?
• what happens if there is a dispute between the shareholders?
• how can one shareholder buy out the shares of the other(s)?
• what happens if a shareholder wishes to exit?
• if a shareholder dies what happens to his/her shares?

To assist you, we have put together a checklist of advantages of a Shareholders Agreement which you can download.

If you would like us to help you, or if you would simply like to have a chat to discuss your options, please don’t hesitate to contact us.