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.