By law – No, but it is advisable if there is more than one shareholder in your company.
When things go well – everything appears seamless, and nobody looks at the formalities. It’s for the times that relationships go bad – a shareholders agreement containing previously agreed terms could be your saving grace.
Below are some areas that your shareholders agreement should cover:
There are a number of considerations that need to be thought through when going into business with others. A Shareholders Agreement will largely form the basis of the relationship between shareholders, so it is important to ensure there is a written agreement in place as a check and balance. If you require assistance in preparing a Shareholders Agreement, please do not hesitate to reach out!