What is a Shareholders agreement? (with checklist of what it should contain)

When you set up a business there is quite rightly a lot of optimism around. Everyone involved is focused on the business concept and are naturally thinking of the upsides rather than who owns what, and the practicalities of how upcoming decisions will be made. Also a start up business will frequently involve friends or colleagues where the assumption naturally is that as those involved know each other, and are good people, everyone can trust one another.
Consequently, the founders more often than not opt for a handshake, or a verbal agreement about how the business will be run. While such agreements can be legally binding, they are inherently ambiguous as memories fade and the rapid pace of events overtakes clear thinking.
The best practice message therefore is, and has always been, clear and simple - get it in writing in the form of a shareholders agreement otherwise you're going to be storing up potential problems for yourself further down the road.
So in this video we're going to run through
1. WHY you need a shareholder agreement in the first place?
2. WHAT shareholder agreement is?
3. WHEN you should have a shareholder agreement?
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/ @basicsofbiz
#Shareholders #LegalAgreements #Shareholdersagreement #FoundersAgreement #startups #founders #businesssetup #SmallBusiness
The information contained in our videos is provided as general information only. It is not a substitute for professional advice.

[@ugtuliwabwelu5742]

Wow

[@basicsofbiz]

Delighted you are finding videos helpful and some more to come very soon!

[@ugtuliwabwelu5742]

How can I reach on you if I want advice

[@basicsofbiz]

Thanks again for reaching out. We’re not providing any services like this at the moment but will keep this in review in the future and let you know if this changes!