Where there are several shareholders in a new or existing company, none with a controlling interest, it may be appropriate to have a shareholders’ agreement.
Alternatively, where one shareholder effectively controls the company by reason of having a majority shareholding, the minority shareholders should consider protecting their interests by way of a shareholders’ agreement.
A shareholders’ agreement regulates the relationship of the shareholders with each other and agreed aspects of the affairs of and their dealings with the company.
Shareholders’ agreements are highly bespoke documents which can range from the very simple to the very complex.
An agreement may include clauses dealing with the sale of shares in future and a list of reserved matters, or matters subject to a veto which prevent certain actions being taken without an agreed level of shareholder consent.
Our Corporate legal services team routinely assists with the preparation of shareholders’ agreements and we will discuss and work with you to identify your requirements.
Every shareholder agreement will involve detailed consideration of the obligations of each shareholder, and we will be there to advise you and guide you through all the issues and potential pitfalls that you should consider.
Give us a call or complete our online enquiry form, to see how we can help. We have offices in Telford, Shrewsbury, Oswestry, Ludlow, Bromyard and Hereford so are able to act for clients all over Shropshire, Herefordshire, Mid and North Wales and across the Midlands.
For more detailed information please take a look at our following Guides:
Why should we have a shareholders’ agreement.
Guide to key issues for shareholders when starting a new company.
Owner Managed Businesses – the conflict between being a director and a shareholder.
Lanyon Bowdler is a trading name of Lanyon Bowdler LLP which is a limited liability partnership incorporated in England and Wales, registered number OC351948.
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