UK Shareholder Agreement

$278
1
Delivery in
5 days
Response time
within a few hours

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What you get with this Hourlie

This Hourlie will provide you with a simple form of shareholder agreement appropriate for founders of the company where this only 1 class of share.

The number of times I have listened to clients tell me they wish they’d put an agreement in place when they first started business but didn’t want to spend the money is quite remarkable. Whilst all start ups have a budget in mind not many include a budget to put a shareholder agreement in place. If no agreement is in place setting out the terms on which the company will be managed and there is then a dispute between shareholders it can get extremely expensive to resolve if there is no agreement in place detailing how matters are to be resolved.

The shareholder agreement will cover matters such as how any additional funding for the company will be provided, whether certain decisions will require majority or unanimous agreement, whether restrictions on the transfer of shares are to apply, and what restrictions should be imposed on a shareholder that leaves the company.

The following process will apply to completing the work through this Hourlie:

1. I will send you a list of questions setting out what information I will need.
2. We schedule a brief call to confirm instructions and go over all of the information needed to prepare the draft
3. I issue a first draft within 3 business days of receipt of all information required and requested
4. We agree whether the terms are finalised or whether any additions/changes are required
5. Additions/changes made if necessary within 2 days
6. Agree that terms are finalised
7. Release payment

Please note that this is not an appropriate form of shareholder agreement where a new 3rd party is investing in the company. In the event that you do need to prepare an agreement to deal with an investment in your company then I can prepare this separately, but it will generally involve a lot more work than is covered through this Hourlie.

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What the Seller needs to start the work

I will send a questionnaire to you setting out all of the information required