If you’re setting up a company with multiple shareholders, it’s a very good idea to have a Shareholders Agreement.
A Shareholders Agreement is the agreement which reflects how the shareholders wish for the company to be run, together with restrictions and obligations of each shareholder, including the rules around how and when shares can be sold.
The terms of a Shareholders Agreement will depend on the complexities of your company’s structure and the ultimate plans you may have for the company.
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