PDF
Word
Shareholder Agreement Template
What Is a Shareholder Agreement?
A Shareholder Agreement is a document that should be completed and signed by shareholders at the moment of merging as shareholders of a company. This agreement states the terms and conditions of their activity and regulates the relationship between them. A Shareholder Agreement checklist may be a useful tool while creating this document. It contains the main sections that the agreement should include, such as the appointment of a general manager, the distribution of interest shares and net profit, and information about stock transfers.
In addition to this agreement, shareholders may need the following documents:
- A Shareholders Meeting Agenda is a document that should be presented to all shareholders, informing them about the meeting and containing all of the topics that are subject to discussion.
- Shareholders Meeting Minutes are a document that contains information about decisions made and actions taken by shareholders during their meetings.
- A Shareholder Loan Agreement is used if a shareholder lends money to their company.
A Shareholder Agreement template can be downloaded below or you can make your own using our online form builder.
How to Write a Shareholder Agreement?
A Shareholder Agreement must be completed as follows:
- Enter the date of the agreement and provide the names of the shareholders. Indicate that the parties are in the process of associating as the sole shareholders in a company. Enter the company's name.
- Appoint a shareholder who will serve as the company's general manager and set their gross salary.
- Indicate what percentage of the company's shares belongs to the general manager, and which percent of net profit each party to this agreement is entitled to receive. Specify the frequency of such payments.
- Indicate the terms of termination of the shareholder's employment as a general manager.
- Set an order for selling or transferring any interest in the stock. Indicate that a selling shareholder should make an offer to the secretary of the company. Set the number of days the company has to declare acceptance of this offer in writing. If the company does not respond within the set period, the selling shareholder should make such an offer in writing to the remaining shareholders. Set a period for shareholders to accept the offer. If the company and shareholders do not accept the offer, as described above, the selling shareholder is free to sell these shares to any third party.
- Specify an order for buying and selling stocks. Any party to this agreement may notify the other party in writing of its desire to transfer its shares. They must include in the notification the amount of money that they are ready to give for the shares of other parties in the company or accept for the shares. Set the number of days for the receiving party to decide to sell or buy shares. Indicate that after the transaction is completed, the selling party should resign from their position in the company.
- Enter the statement that the parties agree to do everything necessary to affect the company's approval and ratification of this Shareholder Agreement. The agreement contains the entire understanding of the parties, and may be changed in writing signed by all parties only.
- Signatures of the shareholders.
Check out these related forms and topics:
Download Shareholder Agreement Template
1
2
3
4
5
6
7
8
9
