Ready to understand the importance of a shareholders’ agreement? Shareholders’ agreements are crucial in business for various reasons, which our very own solicitor, William Newton, discusses below.
Check out the video to understand why you should take the first step in preparing this type of corporate agreement for your company today.
Importance of a Shareholder’s Agreement Transcript:
When you’re setting up a business, I appreciate that there are other overheads and expenses you’re thinking about when you’re getting underway. The last thing you’re probably thinking about is shareholder protection, particularly if you have a limited company.
This is an incredibly important document, and although not a legal requirement, documents like shareholders’ agreements can be crucial, particularly in uncertain events such as when a shareholder dies or if, unfortunately, there is a director’s dispute.
These documents aid in making the process as smooth as possible, in finding a route forward and in making the position clear between all the parties. Particularly where the directors and shareholders are 50/50 in a company, this can cause a deadlock where there are disputes, and without a key document such as the shareholders’ agreement, there are limited options available for trying to resolve these uncomfortable situations.
If you have any queries about a shareholders’ agreement or would like one prepared, please do get in touch, and I’ll be happy to assist.
Ready to Prepare a Shareholders’ Agreement?
There are many important clauses in shareholders’ agreements, and they should never be overlooked. Our team of friendly solicitors is ready to aid you in various services for businesses and individuals in our offices spread across Yorkshire, the North East, and Cumbria.
If you require help with creating a shareholders’ agreement, please reach out to us today.
We can also assist in claims of unfair prejudice against shareholders and commercial disputes, as displayed in a case where we secured a multi-million-pound settlement.