It is generally prudent for a corporation with more than one shareholder to have a written Shareholders Agreement. A Shareholders Agreement deals with issues including, but not limited to:
- restrictions on transfer of shares (i.e., ‘rights of first refusal,’ etc.)
- buy-sell provisions in the event of death, disability, resignation or termination of a shareholder
- dispute resolution provisions
Contact C. David Rowe, PC for assistance with your Shareholders Agreements.