In this video, I discuss the importance of shareholders agreements. Many business owners view them as a corporate formality (which, hopefully if this is you, means you use them!), while others view them as a big pain. With the latter perspective, business owners never get around to creating one. A shareholders agreement can be complex…but it does not have to be.
In this video I provide a few scenarios by which a shareholders agreement can strengthen the corporate infrastructure (boring, I know!). Even more important, the scenarios I share illustrate the pain and the hassle you could encounter by not having one. Take several hours to hammer out the terms, then send it on to your attorney to put your terms into legal language. Review and make any necessary revisions. Sign and you’re done!