The Importance of a Shareholders Agreement
Often when starting a business, a shareholders’ agreement is far from everyone’s mind and often it is considered having one drafted is a cost that can’t be justified.
It is, however, sensible to have a shareholders’ agreement in place as further down the track either within a couple of years or many years down the line views will change, circumstances may change such as illness or retirement, and resentment can build between shareholders leading to disagreements.