If you`re starting a new business and you have shareholders, it`s important to have a shareholders agreement in place. This agreement outlines the rights and responsibilities of all parties involved, and helps prevent misunderstandings and conflicts down the road.
But what if you`re just starting out and don`t have the resources to hire a lawyer to draft a shareholders agreement? You might be surprised to learn that there are actually free sample shareholders agreements available online.
However, it`s important to note that these sample agreements should be used as a guide, and should not be considered a substitute for legal advice. Every business is unique, and your specific circumstances may require specific clauses or provisions that are not included in a free sample agreement.
That being said, if you`re looking to get started with a free sample shareholders agreement, here are a few things to keep in mind:
1. Look for reputable sources
When searching for a free sample shareholders agreement online, it`s important to use reputable sources. Look for websites or organizations that specialize in business law, or that have a history of providing reliable legal information.
2. Customize the agreement to fit your needs
As mentioned earlier, every business is unique, and your shareholders agreement should reflect that. Take the time to review the sample agreement and make any necessary changes or additions to ensure that it reflects your specific circumstances.
3. Have the agreement reviewed by a lawyer
While a free sample shareholders agreement can be a useful starting point, it`s always a good idea to have the final document reviewed by a lawyer. This can help ensure that the agreement is legally valid and enforceable, and can also provide peace of mind.
In conclusion, a free sample shareholders agreement can be a useful tool for startups and small businesses looking to establish clear guidelines and expectations for their shareholders. However, it`s important to use these sample agreements as a guide and to seek out legal advice before finalizing any agreements. With the right preparation and guidance, a shareholders agreement can help set your business up for long-term success.