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Do you need a shareholders agreement?
There is no legal requirement for a limited company to have a Shareholders Agreement, but I strongly recommend every limited company to have one, even if it is just you and your spouse (and perhaps more so!) A Shareholders Agreement governs and regulates the relationship between shareholders.
Is a shareholder agreement legally binding?
Is a shareholders agreement legally binding? Once a shareholders agreement has been signed it should be legally binding, provided that it complies with the usual 4 aspects of a contract: offer, acceptance, consideration and an intention to create legal relations.
How do you create a shareholders agreement?
Step 1: Decide on the issues the agreement should cover.
Step 2: Identify the interests of shareholders.
Step 3: Identify shareholder value.
Step 4: Identify who will make decisions - shareholders or directors.
Step 5: Decide how voting power of shareholders should add up.
Who needs to sign a shareholders agreement?
Who needs to sign the Shareholders' Agreement? Each shareholder must sign the Shareholders' Agreement. In addition, a representative of the company should sign.