Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
Get expert help with your company’s Shareholder Agreement
Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
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Why is a Shareholders Agreement important?
A Shareholders Agreement is an important contract between owners of your company. It governs how decisions are made, what happens when a shareholder wants to leave the company, how disputes are handled and other important matters.
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A Shareholders Agreement is a legally binding contract between all shareholders of a company, outlining the key terms of their arrangement. Since shareholders own shares in a company, they hold a stake (or equity) in the business, and this agreement sets the ground rules for how that ownership is managed.
Even if you’re in business with friends or family, having a Shareholders Agreement is crucial. It helps establish clear ground rules that protect everyone’s interests, maintain good relationships, and support the smooth operation and growth of the business. As your business expands and the stakes become higher, a well-drafted Shareholders Agreement ensures that everyone is aligned and prepared for various scenarios.
For more details or assistance with drafting a Shareholders Agreement, read more here.
Yes, if you’re setting up a company with more than one shareholder, having a Shareholders Agreement is essential. Here’s why:
In summary, a Shareholders Agreement is crucial for companies with multiple shareholders because it establishes clear rules, reduces the potential for conflict, and makes the business more attractive to future investors. It is an important legal document that helps your company run smoothly and sets a solid foundation for growth. If you need assistance in drafting a Shareholders Agreement, Sprintlaw’s experts can help ensure it is tailored to your specific needs.
A Shareholders Agreement is a comprehensive legal document that outlines the terms governing the relationship between shareholders and the overall operation of the company. It typically covers several key areas, including:
A Shareholders Agreement is often more complex than it appears, as it covers a wide range of legal, financial, and operational aspects of the business.
Using a lawyer to draft your Shareholders Agreement is crucial because it ensures the agreement is tailored to the specific needs and circumstances of your business. Here’s why this is important:
In summary, having a lawyer draft your Shareholders Agreement ensures that it is comprehensive, clear, and customised to your business’s unique needs. This not only protects your company’s interests but also fosters smoother operations and growth. Sprintlaw’s expert lawyers can guide you through the process and help you draft or review a Shareholders Agreement that meets all your requirements.
Yes, a Shareholders Agreement can be amended if all shareholders agree to the changes. It’s common for businesses to update the agreement over time as the company grows, new shareholders join, or business needs change. However, making changes to the agreement requires a clear, formal process to ensure that any amendments are legally valid and enforceable.
Here are a few key points to consider when amending a Shareholders Agreement:
Amending a Shareholders Agreement allows the company to adapt to changes and ensures that all shareholders remain aligned as the business evolves. However, it’s essential to follow a formal and legally compliant process to avoid potential disputes or invalid changes. Sprintlaw’s expert lawyers can help review or draft amendments to ensure everything is handled smoothly and correctly.
This package includes everything you need to set up your company’s Shareholder Agreement, starting from $1200 + GST. We will draft a Shareholders Agreement in accordance with the requirements of your business, provide an ASIC company search for 1 company (if required) , phone consultations with a Sprintlaw lawyer and a complimentary amendment to the final draft we provide you.
Disclaimer: please note that addition fees apply if you request several rounds of changes (including as a result of negotiations between parties/shareholders).
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Receive your completed project, usually within 5 - 10 working days.
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