Do you have a Shareholders Agreement?
Mon, 09 Nov 2009 15:39:00
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As a business evolves its good practice to consider the shareholders agreement or consider implementation of such an agreement if you don’t already have one. A properly prepared shareholders agreement should be a useful tool that protects the owners of a Company. The agreement may for example cover: • The price to be paid for shares or a formulae that needs to be used. • Directors decision making powers. • Matters requiring shareholder approval. • Responsibilities. • Dividend policy. • Restrictive covenants and confidentiality. In our experience it’s too easy to underestimate the value of such an agreement to the owners of a Company. We work with a number of legal practices who are prepared to undertake a free initial appraisal of existing shareholder agreements. Please contact us if you would like to take advantage of this offer.  |
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