Shareholders’ Agreement

When you’re starting a business with other people, it’s best practice to put a shareholders’ agreement in place.

Your shareholders’ agreement is the key document that formalises and regulates the relationship between the individual shareholders in your company. It will clarify important issues such as:

  • The current and future direction of your business
  • Voting rights for each shareholder
  • Payment of dividends
  • How to conduct shareholder meetings
  • What happens when you want to sell your shares
  • How you’ll deal with disputes between the shareholders

Every shareholders’ agreement is tailored to the specific requirements of the business.

Our lawyers listen to your requirements and draft a shareholders’ agreement that is customised to your business. With expertise in a range of different industries, you can find a lawyer who understands your sector. They can advise you on the ways in which other businesses have dealt with specific issues that impact the drafting of your shareholders’ agreement.

This service is for drafting a shareholders’ agreement with up to 5 individual shareholders.

If your business has more than 5 shareholders, or one or more of your shareholders is a corporate entity, please choose a lawyer and liaise with them about your requirements. They will provide you with a quote for an additional fee.

What you will get from this service

After hiring an experienced lawyer for Shareholders’ Agreement, you can expect:
  • A 60 minute consultation with your lawyer to align objectives. You’ll discuss
    • The reason why you need to update your shareholders’ agreement
    • The objectives you want to achieve with the amendment
    • Your specific questions about the agreement
    • Your lawyer will run through the key information they need from you to begin drafting the agreement
  • You’ll receive a professionally drafted shareholders’ agreement for a private company limited by shares.

What will this enable you to do

  • Protection for your shareholders and their investment in the business
  • Specific protection for minority shareholders
  • Specific protection for majority shareholders
  • Clarity on each individual’s roles, rights, responsibilities and obligations as shareholders in the company.
  • Control on the transfer of shares
  • Regulation on the management of the company.
  • Peace of mind that the shareholders are being treated fairly.
  • Efficient recourse in the event of a disagreement.

What happens after I hire a lawyer?

Onboarding - You send your lawyer proof of ID and address and your lawyer checks for conflicts. You send any relevant documentation to your lawyer. Your lawyer send you a client engagement letter to sign and return.
Personal consultation - Choose between a phone, online or face-to-face meeting with your lawyer
Draft documentation – Your lawyer sends you draft versions of the documents for you to review
Revisions and approval – You review the draft, provide comments if necessary, and request revisions. Once you’re happy with the document, you approve the final version.
Review - Leave a review for LegalDrop and your lawyer

FAQ’s

What is out of scope for this service?

This service includes one meeting and one round of comments on your document, which your lawyer will incorporate. It does not include any further meetings, phone calls or emails. It does not include negotiations between the shareholders or any third parties. Any additional iterations of the document after one round of comments are out of scope.

What happens if the scope changes during my matter?

Sometimes matters will evolve into something more complex than you and your lawyer first envisaged. Your lawyer will provide you with a fixed-fee quote for any additional work that is outside of the original scope

What assumptions have been applied to the price quoted?
  • Your company is a private company limited by shares and registered in in England or Wales.
  • No more than 5 shareholders are party to the agreement and none of the shareholders are corporate entities.
  • You will provide all the information / documentation that your solicitor requests and requires in order to draft the agreement.
  • You already have articles of association for your company.
What happens if i'm not happy with the service?

If you are not happy with the service and you would like to make a complaint, you can:

  • Contact us. Our complaints procedure is here.
  • If you’re not satisfied with the way in which we deal with your complaint, you can complain to the Legal Ombudsman.
  • If you are concerned about a solicitor’s behaviour, you can raise a complaint with the Solicitors’ Regulation Authority.
What happens if I change my mind?

You can cancel the service at any time and for any reason within 14 days of purchase (the ‘cooling-off period’). If you cancel within 14 days of purchase, you will receive a full refund.

However, if you asked for services to be provided during the cooling-off period, we will keep the necessary funds to cover the cost of the services provided up until the time you cancelled.

If you want to cancel the services after 14 days, you will not be entitled to a refund.

Espen Skogen
Espen Skogen
RocketFin

Espen has 20 years of experience in technology. His motivation comes from seeing small businesses ge...

£2,000.00 +VAT

Sold By: Espen Skogen
Name(Required)

20 years experience across

Fintech
Tech, IT and Software

Working with

  • Sole Trader / Freelancers / Self-Employed
  • Microbusiness (up to 10 Employees)
  • Medium-sized business (up to 50 employees)
  • Large business (50+ Employees)
Find a lawyer
Espen Skogen
Espen Skogen
RocketFin

Espen has 20 years of experience in technology. His motivation comes from seeing small businesses ge...

£2,000.00 +VAT

Sold By: Espen Skogen
Name(Required)

20 years experience across

Fintech
Tech, IT and Software

Working with

  • Sole Trader / Freelancers / Self-Employed
  • Microbusiness (up to 10 Employees)
  • Medium-sized business (up to 50 employees)
  • Large business (50+ Employees)

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