Build a strong agreement
A shareholder agreement is an agreement between the owners of a business detailing what will happen if a certain event was to occur. The agreement normally deals with dispute resolution, confidentiality, restraint, options, valuation methodology and succession. It also states how a shareholder must deal with their shares, other shareholders and their commitment to the business.
The importance of a shareholder agreement cannot be overstated. Without such a shareholder agreement the only option to resolve issues or problems arising in the business is to go to Court with all the associated time and costs that involves.
Duffy Lawyers can provide you with specific advice on an appropriate shareholder agreement for your business taking into account all owners circumstances and objectives.