Shareholder agreements allows you to regulate how the company is run without having to publicly declare these rules in the articles of association it can be used to impose restrictions on shareholder activities both during and after sale of any shares there are many reasons to use a shareholder agreement such as. Corporate commercial shareholders agreements it is possible to form a company very quickly and cheaply by simply adopting the standard prescribed articles of association however where the company is to have more than one shareholder then it is likely that these standard articles will not be sufficient for the company in particular they are unlikely to be suitable where there are to be . A good shareholders agreement will be a bespoke document that has been tailored to meet the particular requirements of the shareholders it will usually cover issues such as reserved matters requiring specified high majority or unanimous consent rights to appoint a director permitted transfers to agreed third parties eg a family trust or group company pre emption on the issue of new shares or the transfer of existing shares keyman insurance for the companys benefit good bad . Unlike the companys articles of association a shareholders agreement is a private document enforceable in the same way as any other contract and therefore is not available to the public via companies house a shareholders agreement can be entered into between all or a selection of shareholders in a company
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