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No one should go in to business blindfolded, so if you are forming a company with someone else then you need to agree a set of ground rules.
The general way to do this is to set up a shareholders’ agreement to protect each other’s interests.
You can download a comprehensive template agreement from Net Lawman that covers all the points shareholders should consider.
The site has a shareholder agreement to suit different business needs.
All the agreements lay out the terms of business for new or existing companies needing to protect shareholders against:
- Lender warranties and borrowing money,
- Consequences of joint ventures or short-term projects
- Powers of working directors
- Consequences of share transfer agreements
Each document is a comprehensive template that allows shareholders to delete any parts not needed and is accessed from the Net Lawman site.
They are written in plain English and include helpful guidance notes explaining each stage of the agreement.
The idea of each document is to ‘level the playing field’ for each participant in the venture, so shareholders, directors and lenders have a full understanding of the any venture and the likely rewards or problems.
The shareholder agreement templates are designed for business managers and individuals as a cost-effective alternative to taking expensive legal advice before taking business decisions.
They are also a solution for lawyers who don’t have the time or resources to draft complicated documents.
Business people and lawyers can trust the documents as they are drafted by qualified professional experts and are kept up-to-the-minute with current legislation.
The Net Lawman online library has hundreds of documents covering just about any business or legal event.
Net Lawman Ltd is an English company operated by Andrew R. Taylor. Most legal work is undertaken by Andrew and Rajeev Goswami, related Resource: Loan Agreements , Distribution Agreement , Employee Contracts .
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