Draft Shareholder Agreement in Delaware for Software & IT Services Business
Draft
Shareholder Agreement
Delaware
Business
Software & IT Services
Less than a week
$550 - $1,250 (Flat fee)
5 bids
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Associate Counsel
6 years practicing
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41 years practicing
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Shareholders Agreement
Connecticut
How does a shareholders agreement work?
I am an individual looking to start a business with several other partners. We are in the process of forming a company and want to ensure that everyone is on the same page in terms of expectations and responsibilities. We are considering a shareholders agreement, but I am unsure how it works and how it will affect our business. I would like to get a better understanding of how a shareholders agreement works and how it can be beneficial to our business.
Thomas L.
A shareholders' agreement generally provides specified outcomes on issues that require a stockholder vote. Thus, who is on the board of directors, the sale of the company, and other major issues like that. The agreement requires that the stockholders vote in the agreed upon manner to enforce the agreement.
Shareholders Agreement
Connecticut
Pros & cons of shareholders agreements?
I am a shareholder in a small business and am looking to draw up a shareholders agreement. I understand that a shareholders agreement can protect my interests as a shareholder, but I am not sure of the pros and cons of such an agreement. I would like to know more about the benefits and drawbacks of having a shareholders agreement in place.
Thomas L.
Shareholders have rights and powers under the corporate law of the jurisdiction in which the company is incorporated. But many stockholders, especially in private companies, demand additional powers and protections.